China, HK stocks gain on signs Beijing`s price-war crackdown lifts earnings

Jan 27, 2026, 11:39 GMT+7
Reuters - China and Hong Kong stocks rose on Tuesday, as investors assessed signs that Beijing's crackdown on price wars is supporting a recovery in corporate earnings.
** China's blue-chip CSI300 Indexclimbed 0.3% by the lunch break, while the Shanghai Composite Indextraded steady. In Hong Kong, the Hang Seng Indexwas up more than 1%.
** Investor sentiment was buoyed by government data showing industrial profits in China increased last year for the first time since 2021.
** Overall profitability edged higher in December, "mostly driven by improving downstream profit margin," Goldman Sachs said in a note to clients.
** The market was also aided by overnight strength on Wall Street. Both the S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, hitting their highest levels in more than a week.
** Tech stocks led the rise in China. Chipmakers,electronics firms and telecom stocks (were among the best performers.
** An index tracking China-listed insurers jumped nearly 3% after Hua Chuang Securities forecast the sector to post robust earnings, driven by investment returns.
** An index tracking gold-related stocks hit record as prices of the yellow metal soared.
** Hong Kong-listed shares of Zijin Gold Internationaljumped more than 10% after the miner said it would buy Canada's Allied Goldfor global expansion.
** Shares of its Shanghai-listed parent Zijin Miningrose nearly 5%.
** Financial shares led the gains in Hong Kong.
** China's central bank pledged on Monday to promote greater financial market connectivity between the mainland and Hong Kong, part of efforts to promote the city's international financial centre status.

Sumber : Reuters