China stocks at new decade-high, HK shares hit 4-year peak on AI optimism

Sep 12, 2025, 11:47 GMT+7
(Reuters) -;China stocks edged up on Friday to a fresh decade-high, while renewed AI optimism drove Hong Kong shares to a four-year peak.
** The Shanghai Composite indexadded as much as 0.4% in morning trades to 3892.73, a new high since August 2015, before easing gains to 0.2% at midday trading break.
** China's blue-chip CSI300 indexwas steady at 4,548.85, hovering near the highest level since March 2022.
** Both indexes are now headed towards a roughly 2% weekly gain, recovering from the sharp correction in the opening week of September that was triggered by profit-taking after China's military parade.
** "Investors are likely temporarily taking profits and awaiting clear signals on macro, policy and fundamentals after a solid good run since June," Morgan Stanley's China strategist Laura Wang wrote in a note.
** Also aiding sentiment, U.S. Treasury Secretary Scott Bessent plans to meet Chinese Vice Premier He Lifeng and senior officials next week in Madrid to continue negotiations on trade, economic and national security issues, Reuters reported.
** The rare earth sectoradded 2.2% and the steel sector gained 2.4%, leading onshore higher.
** Hong Kong's Hang Seng Indexadded 1.5% to 26,484.65, near the highest since August 2021. The benchmark has added 4.2% for the week and is on track to post the best weekly gain since March.
** The Hang Seng Tech Indexadvanced 2.2%, and was headed for a 5.8% weekly rise. An index tracking AI-related sharesmoved 2.2% higher.
** Leading gains on the day, tech major Alibabarallied 5.9% and Baibujumped 8.5% after reports that they have started using internally-designed chips to train their AI models, partly replacing those made by Nvidia.
** Index for Chinese H-shares listed in Hong Kong, the Hang Seng China Enterprises Index, rose 1.6%.
** Around the region, MSCI 's Asia ex-Japan stock index firmed 1.2% as optimism on U.S. rate cuts grew.

Sumber : Reuters