China and Hong Kong stocks rebound, lifted by gains in tech shares

Sep 24, 2025, 11:17 GMT+7
Reuters - Mainland China and Hong Kong stocks rebounded on Wednesday, underpinned by strong gains in tech shares, while fresh signs of easing trade tensions between the world's two largest economies also lent some support.
** At the midday break, the benchmark Shanghai Composite indexedged up 0.63% to 3,845.91 points, while the blue-chip CSI300 indexrose 0.71%.
** Gained were led by tech shares, with Shanghai's tech-focused 50 indexjumping 4.94% and CSI Info Tech sub-index (.CSIIT) bouncing 3.05%.
** China's CSI all share semiconductor,a sub-index tracking the sector, leapt 6.36%.
** Chinese e-commerce giant Alibabaannounced on Wednesday its largest artificial intelligence language model to date, the Qwen3-Max, as the company accelerates a push into artificial intelligence technology. The Hong Kong-listed shares finished morning deals up 6.4% to notch their highest intraday level in nearly four years.
** In Hong Kong, the benchmark Hang Seng Index rose 0.91%, while the Hang Seng Tech indexjumped 2.19%.
** China announced on Tuesday it will forego asking for the benefits it gains from its developing country status at the World Trade Organization, state-run news agency Xinhua and the director-general of the WTO said.
** "This essentially removes a point of contention between the U.S. and China and provides some sign of two sides trying to improve relations with each other," Maybank analysts said in a note.
** Separately, with the Shanghai benchmark trading not far from a 10-year peak hit last week, it "has created a money-making effect that is gradually attracting investors off the sidelines, while other asset classes face redemption pressure," said Lei Meng, China equity strategist at UBS Securities. "This indicates a shift in household wealth from conservative deposits and wealth management products to equities."

Sumber : Reuters