SHANGHAI, Dec 23 (Reuters) - China and Hong Kong stocks rose on Tuesday, led by non-ferrous metals shares, as investor focus turned to a China housing policy conference.
** China's blue-chip CSI300 Index .CSI300 climbed 0.5% by the lunch break and the Shanghai Composite Index .SSEC gained 0.3%. Hong Kong benchmark Hang Seng .HSI was up 0.2%.
** Non-ferrous metal shares .CSISNMIM led onshore gains, rising nearly 2%, with Shandong Gold 600547.SS up 7.9%. Materials stocks .HSCIM listed in Hong Kong climbed 1.2%.
** China held a housing policy conference, state media said, with authorities pledging to stabilise the real estate market by rolling out city‑specific measures to curb new supply, cut inventories and improve the supply mix.
** Semiconductor shares .CSI931743 were up 2% after Nvidia NVDA.O told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February, three people familiar with the matter told Reuters.
** Shares of Kuaishou Technology 1024.HK dropped by as much as 6% to their lowest since November 21, after the Chinese short video platform experienced a cyber attack on Monday night.
** The CSI 300 Real Estate Index .CSI000952 was up 0.2%.
** China Vanke stocks dropped 2.2% after the embattled property developer narrowly dodged a default on Monday after onshore bondholders approved a plan to extend the grace period of a yuan bond repayment.
** Tech majors traded in Hong Kong .HSTECH were down 0.3%.
(Reporting by Shanghai Newsroom; Editing by Janane Venkatraman)
((li.gu@tr.com))
Comments