China, Hong Kong stocks eye fifth monthly gain on AI boost

Sep 30, 2025, 11:27 GMT+7
Reuters - China and Hong Kong stocks traded little changed on Tuesday, but were poised for a fifth straight monthly gain, as optimism over the country's artificial intelligence development helped offset persistent concerns about the pace of economic recovery.
China's blue-chip CSI300 Indexhas risen nearly 3% in September, heading for a fifth straight month of gains - the longest winning streak since October 2017. Hong Kong's benchmark Hang Seng Indexhas climbed 6% so far in the month, with tech majorsup 12%.
** By the lunch break, the CSI300 Index edged up 0.2%, while the Shanghai Composite Indexgained 0.4%. The Hang Seng Index was down 0.1%.
** Investor sentiment remained upbeat on growing confidence in the country's AI potential, with the tech-focused 50 Indexup 12% in September after a 28% surge in August.
** China's manufacturing activity shrank for a sixth month in September, an official survey showed, suggesting producers are waiting for further stimulus to boost domestic demand.
** Also supporting sentiment was news that China would deploy 500 billion yuan ($70.25 billion) in capital to accelerate investment projects.
** The launch of the programme suggests Beijing is becoming more concerned about the growth outlook, especially about the slump in investment in July and August, reinforcing more cautious views for the second half, said Ting Lu, chief China economist at Nomura.
** Shares of Zijin Gold Internationalrose as much as 66% in their Hong Kong trading debut after the company raised $3.2 billion in an initial public offering, the largest in the city for four years.
** China's onshore equity markets will be closed from October 1 to 8 for the Golden Week holiday, while Hong Kong markets will be closed on October 1 and October 7 for public holidays.

Sumber : Reuters