Chinese stocks rose, driving the benchmark to a nearly four-year high as investors bet on further easing of tariff tensions after US President Donald Trump said he would lower import levies in exchange for Beijing taking action to stem fentanyl production.
The CSI 300 Index climbed 1.2 per cent to 4,747.84 at the close, a level not seen since January 24, 2022. The Shanghai Composite Index added 0.7 per cent to 4,016.33, finishing above the 4,000-point mark for the first time since 2015.
Hong Kong’s market was shut for a public holiday.
Technology stocks paced the gains, with a sub-gauge of the sector on the CSI 300 rising 1.6 per cent after China promoted tech self-sufficiency as the key task in a detailed five-year plan outlining the nation’s development through 2030, released on Tuesday evening. Ping An Insurance Group gained 2.1 per cent to 58.95 yuan after third-quarter profit increased 45 per cent from a year earlier on rising…
