SHANGHAI: China and Hong Kong stocks rose on Tuesday, led by non-ferrous metals shares, as investor focus turned to a China housing policy conference.
China’s blue-chip CSI300 Index climbed 0.5% by the lunch break and the Shanghai Composite Index gained 0.3%.
Hong Kong benchmark Hang Seng was up 0.2%.
Non-ferrous metal shares led onshore gains, rising nearly 2%, with Shandong Gold up 7.9%. Materials stocks listed in Hong Kong climbed 1.2%.
China held a housing policy conference, state media said, with authorities pledging to stabilise the real estate market by rolling out city-specific measures to curb new supply, cut inventories and improve the supply mix.
Semiconductor shares were up 2% 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% to their lowest since November 21, after the Chinese short video platform experienced a cyber attack on Monday night. The CSI 300 Real Estate Index was up 0.2%.
China Vanke stocks dropped 2.2% 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 0.3%.‑Reuters
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