SHANGHAI (Reuters) -China stocks climbed to an eight-month high on Tuesday, while Hong Kong shares extended gains to a multi-year peak, driven by construction and power firms after work began on a major dam project in Tibet, billed as the world’s largest.
** China’s blue-chip CSI300 Index climbed 0.4% by the lunch break, while the Shanghai Composite Index gained 0.3%. Hong Kong benchmark Hang Seng added 0.3%.
** The Hang Seng Index rose to 25,120, the highest since November 2021, while the CSI 300 Index touched its strongest point since November 2024.
** Some construction and power stocks extended rallies after China announced over the weekend the start of construction on a $170 billion hydropower dam in Tibet.
** Shanghai-listed Anhui Conch Cement jumped more than 6%, while Power Construction Co. of China hit the daily maximum of 10%.
** “Investors usually don’t care much about the real economy in such a bull market, especially…
