Latest news with #Huatai
New Straits Times
23-07-2025
- Business
- New Straits Times
China, HK stocks power ahead as eased trade tensions fuel rally
SHANGHAI: China stocks rose for a fifth straight session on Wednesday while Hong Kong shares hit near four-year highs, as eased China-US trade tensions added fuel to a rally driven by a trillion-yuan hydropower dam project in Tibet and Beijing's campaign against intense price wars. Both China's blue-chip CSI300 Index and the Shanghai Composite Index climbed as much as 0.9 per cent to eight-month highs, before paring gains to end slightly higher. Hong Kong's benchmark Hang Seng jumped 1.6 per cent to hit its highest level since late 2021. In a sign the rally likely has legs, daily turnover in China stocks was near five-month highs on Wednesday, while margin financing - money borrowed to buy stocks - has hit a level not seen in nearly four months. "External and internal headwinds have subsided faster than expected," Huatai Securities said in a note to clients, adding that "in the latest round of tariff talks with the US, China has strengthened its hand." China's economy benefits from the government's stepped-up campaign against 'involutionary competition' and positive real estate policies, Huatai added. In a sign of reduced tensions, US Treasury Secretary Scott Bessent said on Tuesday that US and Chinese officials will meet in Stockholm next week to discuss an extension of the deadline for negotiating a trade deal. "I think trade is in a very good place with China," Bessent said. Chinese tech stocks, which are sensitive to China-US relations, jumped on Wednesday. China's tech-focused STAR50 Index gained 0.5 per cent, while Hong Kong's Hang Seng Tech Index jumped 2.5 per cent. Sentiment has been buoyed by bets that steelmakers, coal miners and solar energy firms will benefit from Beijing's move to cut industrial capacity and rein in deflation, though some stocks in these sectors corrected on Wednesday following recent price surges. Mood has also been aided by China's massive hydropower dam project that started construction this week.
Business Recorder
23-07-2025
- Business
- Business Recorder
China, HK stocks power ahead as eased trade tensions fuel rally
SHANGHAI: China and Hong Kong stocks powered ahead on Wednesday as signs of eased Sino-U.S. trade tensions added fuel to a rally driven by Beijing's campaign against intense price wars and a trillion-yuan hydropower dam project in Tibet. China's blue-chip CSI300 Index climbed 0.7% by the midday break, reaching an eight-month peak and on track for a fifth straight session of gains. The Shanghai Composite Index rose 0.8%. Hong Kong's benchmark Hang Seng jumped more than 1% to hit its highest level in almost four years. In a sign the rally likely has legs, daily turnover in China stocks has expanded to near five-month highs, while margin financing - money borrowed to buy stocks - has hit a level not seen in nearly four months, signalling revived 'animal spirits'. 'External and internal headwinds have subsided faster than expected,' Huatai Securities said in a note to clients, adding that 'in the latest round of tariff talks with the U.S., China has strengthened its hand.' China's economy benefits from the government's stepped-up campaign against 'involutionary competition' and positive real estate policies, Huatai added. In a sign of reduced tensions, U.S. Treasury Secretary Scott Bessent said on Tuesday that U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal. 'I think trade is in a very good place with China,' Bessent said. Chinese tech stocks, which are sensitive to Sino-U.S. relations, jumped on Wednesday. China's tech-focused STAR50 Index gained 1%, while Hong Kong's Hang Seng Tech Index jumped nearly 2%. China-listed chemicals and steel continued to rise amid bets producers in these sectors will benefit from Beijing's expected industrial capacity cuts. Building materials and construction engineering stocks also powered ahead, as China's massive hydropower dam project brightened the sectors' prospects.
Business Recorder
06-06-2025
- Business
- Business Recorder
Tech shares drive Hong Kong, China stocks higher
SHANGHAI: Hong Kong and China stocks rose on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment portfolios. China's blue-chip CSI300 Index and the Shanghai Composite Index both ended 0.2% higher. Hong Kong benchmark Hang Seng added 1.1%. Huatai analysts pegged Hong Kong's equity market as a strategic asset for global investors seeking to diversify their portfolio and a potential hedge against US dollar volatility. Technology is a central investment theme, they said, adding Hong Kong remains under-allocated. 'As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong.' Tech stocks traded in Hong Kong gained 1.9%, tracking the overnight rise in Chinese ADRs listed in New York, while the onshore shares climbed 2.3%. China's CSI Internet Finance Index jumped 2.3% as investors shifted focus to fintech opportunities after Hong Kong passed a stablecoin bill last month. China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private sector survey showed. The CSI Rare Earth Index rose 0.8%, after a group representing auto suppliers in the US called for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.
RTHK
05-06-2025
- Business
- RTHK
HK stocks end with strong gains on tech hopes
HK stocks end with strong gains on tech hopes The Hang Seng Index ended 252.94 points, or 1.07 percent, up at 23,906.97. File photo: RTHK Hong Kong and mainland Chinese stocks ended the day with gains on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment portfolios. In Hong Kong, the benchmark Hang Seng Index put on 252.94 points, or 1.07 percent, to end trading for the day at 23,906.97. Huatai analysts pegged Hong Kong's equity market as a strategic asset for global investors seeking to diversify their portfolio and a potential hedge against US dollar volatility. Technology is a central investment theme, they said, adding Hong Kong remains under-allocated. "As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong." Tech stocks traded in Hong Kong gained 1.9 percent, tracking the overnight rise in Chinese ADRs listed in New York, while the onshore shares climbed 2.3 percent. Chinese stocks closed higher, with the benchmark Shanghai Composite Index up 0.23 percent to 3,384.10. The Shenzhen Component Index closed 0.58 percent higher at 10,203.50. Combined turnover at these two indices stood at 1.29 trillion yuan, higher than 1.15 trillion yuan on the previous trading day. Shares related to media, entertainment and electronic information led the gains, while those in the food and bio-medicine sectors were among the biggest losers. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.17 percent to close at 2,048.60. China's CSI Internet Finance Index jumped 2.3 percent as investors shifted focus to fintech opportunities after Hong Kong passed a stablecoin bill last month. China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private-sector survey showed. The CSI Rare Earth Index rose 0.8 percent, after a group representing auto suppliers in the United States called for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production. (Reuters/Xinhua)
Al Etihad
05-06-2025
- Business
- Al Etihad
Tech shares drive Hong Kong and China stocks higher
5 June 2025 08:40 SHANGHAI (REUTERS)Hong Kong and China stocks rose on Thursday, led by tech and artificial intelligence shares, as analysts said Hong Kong-listed tech firms remain under-represented in global AI investment blue-chip CSI300 Index and the Shanghai Composite Index both edged up 0.1% by the lunch break. Hong Kong benchmark Hang Seng was up 0.4%.Hong Kong's equity market offers strategic value for global investors, serving as a key option for diversifying portfolios and navigating the ongoing shift away from the US dollar, Huatai analysts said in a analysts said technology remains a central investment theme."As future gains in global productivity are expected to hinge on advances in artificial intelligence, the companies best positioned to lead this race are largely concentrated in the US and Hong Kong," they said, adding that Hong Kong remains shares traded in Hong Kong were up 0.9%, tracking gains in Chinese ADRs listed in New York overnight, while onshore tech shares climbed 1.0%.China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from US tariffs, a private sector survey showed on Thursday. The CSI Rare Earth Index rose 0.7%, after a group representing auto suppliers in the United States called for immediate action to address China's restricted exports of rare earths, minerals, and magnets, warning the issue could quickly disrupt auto parts production.
