SHANGHAI: China stocks ended slightly higher on Tuesday, led by non-ferrous metals shares, as gold price hit record high, while Hong Kong shares edged down.
China’s blue-chip CSI300 Index ended 0.2 percent higher and the Shanghai Composite Index gained 0.1 percent. Hong Kong benchmark Hang Seng was down 0.1 percent.
Non-ferrous metal shares led onshore gains, rising as much as 2 percent, with Shandong Gold up nearly 7 percent. Materials stocks listed in Hong Kong, rose as much as 1.7 percent, before reversing gains.
China will step up urban renewal and efforts to stabilise its property market in 2026 at the start of its latest Five-Year Plan (2026-2030), according to a readout of a housing policy conference released on Tuesday.
The CSI 300 Real Estate Index was down 0.3 percent.
Semiconductor shares were up 1.6 percent after Nvidia told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February, three people familiar with the matter told Reuters.
Shares of Kuaishou Technology dropped by as much as 6 percent to their lowest since November 21, after the Chinese short video platform experienced a cyber attack on Monday night.
China Vanke stocks dropped 2.3 percent after the embattled property developer narrowly dodged a default on Monday after onshore bondholders approved a plan to extend the grace period of a yuan bond repayment.
Tech majors traded in Hong Kong were down 0.7 percent.
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