Hong Kong stocks waver as investors wait for policy clarity from China's Politburo meeting
stocks fluctuated between gains and losses on Tuesday as investors awaited a high-level government meeting in China that may set the policy tone for the second half.
The Hang Seng Index rose 0.1 per cent to 24,996.73 as of 10.07am local time. The Hang Seng Tech Index was little changed.
On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent.
Hansoh Pharmaceutical Group gained 3.5 per cent to HK$37.15, and Kuaishou Technology rallied 3.2 per cent to HK$73.80. On the downside, New Oriental Education and Technology slid 3.9 per cent to HK$37.15, and Li Auto retreated 2.3 per cent to HK$120.
Investors are waiting for fresh catalysts that can extend the run-up that drove the Hang Seng Index to the highest level in more than three years. Eyes will be on a Politburo meeting later this month convened by President Xi Jinping, which will offer more insights into how the government will steer the world's second-largest economy amid tariff strife and the struggling property market.
Expectations are rife that policymakers at the conference will reiterate the case for cutting unneeded capacity in emerging industries including solar panels, electric vehicles and lithium batteries.
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