The Hang Seng Index rose 1.2 per cent to 18,346.54 as of 9.47am local time, following a 1 per cent rally on Monday. The Tech Index gained 1.5 per cent and the Shanghai Composite Index added 0.5 per cent.
China’s biggest EV maker BYD climbed 1.8 per cent to HK$229.20 after second-quarter profit more than doubled from a year earlier. Ping An Insurance Group rose 1.1 per cent to HK$45.90 and Haidilao International added 0.7 per cent to HK$21.60 before their earnings reports later on Tuesday.
Elsewhere, carmaker Xpeng added 3.1 per cent to HK$74.45 while peer Nio appreciated 1.9 per cent to HK$88.10. Alibaba Group Holding jumped 2.2 per cent to HK$90.70 and Tencent Holdings rose 1.5 per cent HK$330.20.
Some 56 of the Hang Seng Index’s 80 members have released their quarterly or interim results so far, registering an average 1.9 per cent growth in earnings, according to Bloomberg data. The members posted an average 5.5 per cent increase in 2022.
Other major Asian markets rose. Japan’s Nikkei 225 climbed 0.2 per cent, while South Korea’s Kospi gained 0.4 per cent and Australia’s S&P/ASX 200 added 0.5 per cent.
