The Shanghai Composite Index advanced 0.4 per cent to 3,741.01 as of 9.50am local time, heading for the highest close since August 19, 2015. The CSI 300 Index also climbed 0.4 per cent.
In Hong Kong, the Hang Seng Index fell 0.1 per cent, while the Hang Seng Tech Index dropped 0.7 per cent.
Mainland stocks are in focus as the market reverses years of decline and bucks a slowing economy, with investors rotating out of low-yielding fixed-income products to chase higher returns. A part of the 160 trillion yuan (US$22.3 trillion) household savings built up since the Covid-19 pandemic is expected to flow into stocks due to falling deposit rates and a continuing downturn in property prices, according to analysts.
Elsewhere in Asia-Pacific, Japan’s Nikkei 225 dropped 0.2 per cent, South Korea’s…
