Staff reporter and Bloomberg

Hong Kong stocks increased by around 2.83 percent or 572 points to 20,789 points yesterday, marking a nearly three-month high on closing, as investors pinned their hopes on a China-US phone call to resolve levies on Asia's largest economy.

Turnover reached HK$161.88 billion on the main board

Tencent's (0700) shares rose by 4.1 percent to HK$420.8 apiece and Alibaba (9988) went by nearly 4 percent to HK$97.65.