Hong Kong stocks opened 1.3 percent higher – a record high for this year.

This came after United States President Donald Trump announced a suspension on his steep tariffs on Mexico and Canada, alongside a talk with China, within 24 hours of officially proclaiming said tariffs.

The benchmark Hang Seng Index opened 271 points higher at 20,488 points.

The Hang Seng Tech Index was up by 1.9 percent to 4,828 points.