SHANGHAI: China and Hong Kong stocks rose on Monday, led by healthcare, consumer and chip shares, as investors broadened their exposure beyond AI supply-chain names.
China’s blue-chip CSI300 Index and the Shanghai Composite Index closed 1.2 percent up each. Hong Kong’s benchmark Hang Seng was up 1.6 percent.
The shift aligns with global markets where investors expanded their positions beyond AI as they took profits from a sharp rally in memory chips this year.
Onshore consumer staple shares rallied 3.4 percent in their largest gain in five months, while the CSI300 Healthcare Index surged 6.3 percent, its biggest rise since October 2024.
The tech-focused STAR 50 Index jumped 4.6 percent, led by semiconductor and chip-equipment shares, as investors bet the upcoming market debut of leading Chinese memory-chip maker CXMT would boost local chipmakers. Reuters reported after onshore market close that CXMT signed a long-term supply agreement with Tencent Holdings worth more than 20 billion yuan.
Tech giants listed in Hong Kong, which had underperformed onshore tech names due to a lack of hardware stocks, rebounded from their lowest points since January 2025, rising 3.2 percent.
Shares related to China’s low-altitude airspace broadly fell on concerns that a small aircraft crash in Beijing last week may trigger tighter control of the space.
CITIC Offshore Helicopter shares fell 4 percent, while Zongsen Power Machinery slid 7.7 percent.
Shares of Shanghai MicroPort MedBot jumped nearly 8 percent on a breakthrough in core product installation.
China’s central bank launched overnight reverse repo operations, a move markets interpreted as deepening its control over liquidity conditions.