Chinese equities listed in Hong Kong outperformed their Asian peers as gains in tech heavyweights countered the negative impact of a new US tariff on China.

The temporary freeze on inbound parcels had threatened companies such as Alibaba Group Holding, JD.com and SF Holding.

Chinese stocks listed in Hong Kong will come under renewed pressure when they resume trading on Monday following a three-session break, after US President Donald Trump fired the first salvo of his tariff war.

Semiconductor Manufacturing International Corp (HK: 0981) (SMIC) shares surged 8.1% to HK$45.30 on Monday, while Meitu stock jumped 6%. Alibaba Group (HK: 9988) stock advanced 3.5%, while Tencent (HK: 0700) shares rose 3.1%. Kingsoft Cloud (HK: 3896) shares jumped 7.7%, while GDS Holdings (HK: 9698) stock surged 21.2%.

Investors gain confidence after US President Donald Trump strikes deals with Canada and Mexico and says he will speak with China.