Hong Kong stocks rise as investors look for signs of fresh China stimulus

The Hang Seng Index added 1.1 per cent to 21,368.09 at 9.50am local time, extending a 4.5 per cent increase from last week. The Hang Seng Tech Index was up 1 per cent. On the mainland, the Shanghai Composite Index gained 0.2 per cent.

On the downside, clean energy distributor ENN Energy Holdings lost 1.4 per cent to HK$51.30, while power tools producer Techtronic Industries slipped 0.6 per cent to HK$101.60.

On Sunday, Trump said he would apply 25 per cent tariffs on all steel and aluminium imports from all countries into the US, adding that he would unveil reciprocal tariffs on countries that tax US imports, which could be effective on Tuesday or Wednesday.

Last week, Trump said the US would apply 10 per cent tariffs on goods from China. In response, China said it would increase tariffs by 10 to 15 per cent on certain US imports; they were effective on Monday.