China, Hong Kong stocks edge lower as tech shares extend slide

Business Recorder reported that mainland Chinese and Hong Kong shares were slightly lower by Tuesday’s midday break, as renewed weakness in technology stocks erased early gains. Shanghai’s Composite and the CSI300 each slipped 0.1%, while ChiNext lost 0.5% and the STAR50 fell 1.5%. Semiconductor shares dropped 2.2% to a six-month low, and the CSI AI Index declined 0.8%; the CSI Banks Index moved 0.8% higher. Hong Kong’s Hang Seng fell 0.1%, with its technology gauge down 0.8%.

China’s September industrial profits expanded more quickly, although performance continued to vary across industries. The central bank said it would create a swap arrangement to offer emergency funding to non-bank financial firms dealing with heavy redemptions; analysts said the measure could support near-term liquidity. Separately, Asian equities rose as plans for an Anthropic IPO filing supported risk appetite before technology-company earnings and central-bank meetings. Sinolink Securities analysts said a lasting recovery could depend on further position reduction, despite the possibility of a brief bounce.