China Stocks in Hong Kong Jump as US Court Strikes Down Tariffs

Chinese stocks in Hong Kong rallied after the US Supreme Court struck down President Donald Trump’s emergency tariffs, putting China among the countries set to face lower duties on shipments to the US.

The Hang Seng China Enterprises Index, which tracks major mainland companies listed in the city, rose as much as 2.8%. Megacap stocks led the advance, with Alibaba Group Holding Ltd. and Tencent Holdings Ltd. each climbing more than 3%, while delivery platform Meituan surged over 5%.

China, India and Brazil are among the countries now seeing lower tariff rates on exports to the US after the court ...