Chinese and Hong Kong equities rose on Wednesday, tracking a global rebound in technology shares as investor sentiment improved following gains on Wall Street.
The Shanghai Composite Index gained 0.59% to close at 3,912 points, while the CSI 300 Index advanced 0.85% to 4,590 points, recovering from a near one-month low. In Hong Kong, the Hang Seng Index climbed 0.56% to 25,652 points. The STAR 50 Index, which tracks tech-heavy stocks on Shanghai’s STAR Market, rose 1.7%.
Semiconductor shares led regional gains, with the CSI Semiconductor Index up 1.8%. Nvidia’s shares closed more than 2% higher, ending a seven-day losing streak. The advance followed broader strength in U.S. tech benchmarks, which supported risk appetite across Asian markets.
Brokerage stocks outperformed in both China and Hong Kong, driven by solid first-half financial results, dividend announcements and heightened trading activity. The gains contrasted with declines in Singapore and Australia, where the Straits Times Index fell 0.24% and the S&P/ASX 200 dropped 0.40%.
Regional peers also advanced, with the Nikkei 225 in Tokyo rising 0.62% to 66,262 points and South Korea’s Kospi gaining 0.97% to 6,808 points. Taiwan’s Taiex climbed 1.47% to 45,832 points.
The rally reflected improved sentiment toward technology stocks and the artificial intelligence supply chain, with investors looking past recent volatility to focus on long-term growth prospects.
