China and Hong Kong stocks rose on Tuesday, led by property shares as sentiment was lifted on fresh hopes for stimulus, while investors watched Sino-U.S. tensions for any signs of easing.
China’s blue-chip CSI300 Index closed up 0.9%, while the Shanghai Composite Index gained 1.2%. Hong Kong benchmark Hang Seng Index was up 1.9%.
China’s economic growth in the second quarter will be higher than the first and is expected to reach the annual growth target of around 5%, Chinese Premier Li Qiang told delegates at the World Economic Forum in Tianjin on Tuesday.
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