China and Hong Kong stocks rebound, lifted by gains in tech shares — TradingView News

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Mainland China and Hong Kong stocks rebounded on Wednesday, underpinned by strong gains in tech shares, while fresh signs of easing trade tensions between the world’s two largest economies also lent some support.

** At the close, the Shanghai Composite index 000001 edged up 0.83% at 3,853.64 points, while the blue-chip CSI300 index 3399300 rose 1.02%.

** Gains were led by tech shares, with Shanghai’s tech-focused STAR50 index 0000688 jumping 3.49%​ and CSI Info Tech sub-index 0000915 bouncing 2.88%.

** China’s CSI all share semiconductor HH30184, a sub-index tracking the sector, rose 4.68%.

** Chinese e-commerce company Alibaba BABA said on Wednesday it plans to open its first data centres in Brazil, France and the Netherlands as it accelerates its global strategy for artificial intelligence. The Hong Kong-listed shares finished the session up by 9.16%, notching the highest level since 2021.

** In Hong Kong, the benchmark Hang Seng…

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