CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

China, Hong Kong shares close higher as tech stocks advance

By Reuters News

SHANGHAI, Nov 10 (Reuters) - China and Hong Kong stocks closed higher on Tuesday, led by AI supply chain shares, as an overnight rally on Wall Street and sliding oil prices lifted risk sentiment across Asia.

** China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC both closed up 0.1%. Hong Kong's benchmark Hang Seng .HSI was up 0.4%.

** Chip supply chain shares across Asia climbed, tracking an overnight rally on Wall Street that saw the Nasdaq .IXIC jump 2.7%.

** The 5G Communication Index .CSI931079 rose 2.6%, leading gains onshore, while the tech-focused STAR50 Index .STAR50 was up nearly 1%.

** Hong Kong-listed shares of optical communication giant Zhongji Innolight jumped 9%.

** Tech majors listed in Hong Kong .HSTECH were up 1.1%.

** Wuxi AppTec 603259.SS rose as much as 5% before paring gains, after the Pentagon removed the Chinese biotechnology company from its list of Chinese military companies.

** Non-ferrous metal shares .CSISNMIM edged up 0.1% as gold prices rebounded this month on falling oil prices. The CSI Energy Index .CSIEN fell 2.6%, with PetroChina 601857.SS down 6.3%.

** China's trade surplus surged past $1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, a dynamic likely to sharpen tensions with major trading partners.

** Chinese chip firms Suzhou Denglin Technology 9917.HK and Jiangsu Xinde Semiconductor Technology 7672.HK made mixed Hong Kong trading debuts on Tuesday after raising a combined HK$2.36 billion ($301 million) in initial public offerings.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.