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Hong Kong Stocks Edge Up as Trump-Xi Meeting Nears; Ligent Technologies Shines on Debut

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Hong Kong stocks closed slightly higher on Tuesday as optimism about the upcoming Trump-Xi meeting boosted investor sentiment.

The Hang Seng Index rose 45.04 points, or 0.2%, to close at 25,087.75, while the Hang Seng China Enterprises Index gained 22.97 points, or 0.3%, to finish at 8,362.60.

Investors also looked ahead to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week.

Markets are watching for signs the two sides can extend their trade truce and deepen cooperation in areas including artificial intelligence.

Sentiment also improved after Trump said he was open to meeting Iranian President Masoud Pezeshkian during the U.N. General Assembly in New York.

Oil prices steadied after falling more than 3% in the previous session, with Brent crude at $100.65 a barrel.

In corporate news, Ligent Technologies (HKG:9856) made its debut in Hong Kong, closing nearly 5% higher at HK$34.48, compared with the offer price of HK$32.96.

What else is happening in Asia?

Asia

Goodman Group Receives 2 Shareholder Resolutions for Upcoming Annual General Meeting

Goodman Group (ASX:GMG) received two shareholder resolutions for consideration at its Nov. 19 annual general meeting, according to a Monday filing with the Australian bourse.One of the resolutions calls on the company to disclose its framework for identifying and managing material environmental and social-license risks related to data center development close to residential areas, schools, or environmentally sensitive land.The second one seeks an amendment to Goodman Group's constitution to permit advisory resolutions, per the filing.Both resolutions are advisory and do not bind the company's directors.Its shares gained past 1% in recent Tuesday trade.

ASX:GMG
Asia

Farglory Land Development Approves NT$5.46 Billion Construction Contract

Farglory Land Development (TPE:5522) approved a construction contract with its subsidiary, Farglory Construction, for a land bank in Kaohsiung City for NT$5.46 billion, according to a Monday Taiwan bourse filing.The real estate developer's subsidiary will be engaged in the contract on the company's own land to increase revenue.

TPE:5522
Asia

Sealink International Receives $17 Million Insurance Payout for Vessel Fire Incident in Brazil

Sealink International (KLSE:SEALINK) has received the insurance proceeds of $17.3 million on Monday, in relation to the fire incident involving one of the group's vessels located in Brazil, according to a sameosay filing to the Malaysian bourse.The payout follows a settlement agreement executed on May 5.The company's shares were up nearly 2% in recent trade.

KLSE:SEALINK