China-Hong Kong Shares Rise Amid Trade Deal Hopes
China and Hong Kong stocks surged due to anticipated ease in U.S.-China trade tensions. The Shanghai Composite and Hang Seng indices rose, driven by President Trump's optimistic comments on trade talks with Xi Jinping. The AI and semiconductor sectors reported significant gains, boosting investor confidence.
China and Hong Kong stock markets saw significant gains on Tuesday, buoyed by expectations of eased tensions between the U.S. and China. Optimism stemmed from U.S. President Donald Trump's remarks on reaching a fair trade agreement with Chinese President Xi Jinping.
The Shanghai Composite Index rose 1.2%, and the blue-chip CSI300 Index climbed 1.5%. Hong Kong's Hang Seng Index increased by 1.7%, with its tech index up 2.6%. Investors are hopeful of a positive outcome from the upcoming Trump-Xi meeting at APEC.
The AI sector experienced a 3.7% jump, and semiconductor stocks rose over 2%. Significant performances included Wingtech's 9.2% rally and a surge in Apple's Chinese suppliers, alongside CATL's 41.2% quarterly net profit rise. Overall, the market sentiment remains optimistic amidst ongoing trade negotiations.
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