China, HK shares edge up on domestic AI optimism; Vanke triggers property sector slide

Nov 27, 2025, 12:07 GMT+7
Reuters - China and Hong Kong stocks edged up on Thursday as chip makers and artificial intelligence-related sectors continued their rebound, while developer Vanke's debt woes triggered a property shares selloff that dragged on the market.
** At the midday break, the Shanghai Composite indexwas up 0.5% at 3,883.01, the blue-chip CSI300 indexwas up 0.3%.
** The CSI Semiconductor Index and the CSI AI Indexboth gained roughly 1%, extending recent gains.
** AI chip maker Cambricon Technologiesrallied as much as 5.6% to a two-week high, while SMIC jumped as much as 3.6%.
** Optimism towards domestic AI sectors flared up again after The Information reported that the regulators have barred TikTok owner ByteDance from deploying Nvidiachips in new data centers.
** " China is going all-in to win its version of the AI race," analysts at Macquarie said in a note, adding that there could be more extended and accelerated infrastructure policy push supporting the sector.
** Dragging down the markets, shares of China Vanketumbled as much as 8.8%, after the company said it was seeking to delay an onshore bond repayment for the first time.
** China's CSI 300 real estate indexslid as much as 4.5% to the lowest since Sept 2024 on the Vanke woes, before closing down 1.5% at midday break.
** In Hong Kong, the benchmark Hang Seng Indexclimbed 0.3%, while the Hang Seng Mainland Property Indexwas flat after losing as much as 2%.
** On the data front, China's industrial profits fell in October after two months of growth, as businesses continued to grapple with lacklustre domestic demand and an export downturn.
** Elsewhere, Beijing announced a new plan to boost consumption in the world's second-largest economy, detailing measures that include promoting upgrades of consumer goods in rural areas and sectors such as pets and toys.

Sumber : Reuters