Tech lifts China, HK shares amid risk-on mood

Chinese mainland and Hong Kong equities advanced at Tuesday’s midday break, with technology shares leading as stronger US stocks and cheaper oil improved investor sentiment across Asia, Business Recorder reported, citing Reuters. The CSI300 and Shanghai Composite each gained 0.1%, while Hong Kong’s Hang Seng rose 0.2%.

The 5G Communication Index climbed 2.7% and the STAR50 added 1%, while Hong Kong-listed technology majors gained 0.5%; Zhongji Innolight surged 10%. Wuxi AppTec rose as much as 5% after its removal from the Pentagon’s list of Chinese military companies, while PetroChina fell 5.2% and the CSI Energy Index lost 2.2%. China’s trade surplus exceeded $1 trillion in the first 10 months, supported by high-tech exports linked to AI infrastructure demand.