Hong Kong shares advanced again on Tuesday on hopes that the Federal Reserve is nearing the end of its interest rate hiking cycle as inflation comes down and economic activity shows signs of slowing.

The Hang Seng Index rose 0.6 percent, or 109 points, to 19,415.

The Shanghai Composite Index was marginally higher, edging up 1.4 points to 3,245, while the Shenzhen Composite Index gained 0.4 percent, or 8 points, to 2,068. (AFP)