Shanghai stock benchmark dips after nine-day rally

Dec 30, 2025, 11:46 GMT+7
Reuters - China stocks edged lower on Tuesday, with the Shanghai benchmark poised to snap a nine-day winning streak as investors took profits following its best run in more than a year.
** At the midday break, the Shanghai Composite indexwas down 0.1% at 3,961.21 and set to break its best winning run since September 2024.
** The blue-chip CSI300 indexwas largely flat after fluctuating between gains and losses in the morning session.
** The defence sectorclimbed 0.4% to fresh high in nearly three years, extending its recent gains, as China launched a live-firing drill around Taiwan simulating blockade.
** The gold industry index recouped the 3% loss at open and edged up 0.3%, as precious metals steadied after a sharp selloff in the previous session.
** The artificial intelligence sector indexrose 0.6% and the semiconductor index added 0.5%.
** Among major laggards, the real estate indexwas down 1.6%, the healthcare sub-indexlost 0.7% and the insurer sector weakened around 1%.
** "The market is consolidating with increasing volume as a bullish trend emerges," analysts at Pacific Securities said in a note.
** "Sectors are showing rotational strength in an overall upward trend, and we expect this rally to start with broad gains and accelerate given extremely low option volatility levels."
** In Hong Kong, the Hang Seng Indexwas up 0.5% at 25,751.64, and the tech indexrose 1.1% to a two-week high.
** The Hang Seng China Enterprises Indexrose 0.7%.
** Six Chinese companies made their Hong Kong trading debuts with most opening above their IPO prices, rounding off a resurgent year for listings as the city dominated Asian equity capital markets.
** Around the region, MSCI 's Asia ex-Japan stock indexwas firmer by 0.1%, while Japan's Nikkei indexwas down 0.1%.

Sumber : Reuters