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Hong Kong leader Li Xiaoga said Monday that Hong Kong is considering more measures to support the securities market in the Asian financial center, which has been hit by China's economic slowdown and geopolitical tensions. Speaking at the HSBC Global Investment Summit in Hong Kong, Mr. Li said China has taken a series of measures, including improving the listing system for technology companies, to improve competitiveness. China's economy grew by just 3.2% in 2023 and capital flight made Hong Kong's stock market the worst performing major index last year.

Hong Kong stocks led Asian markets higher on Tuesday as Chinese property developer Vanke fell more than 10% while investors assessed economic data from South Korea and Australia. U.S. futures were lower, while oil prices rose. Tokyo's Nikkei 225 index climbed 0.3% to 39,936.35, recovering from Monday's losses.