China shares waver, HK bounces as Beijing vows more support for consumption, AI

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china-stocks” target=”_blank”>China stocks wavered and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/hong-kong-shares” target=”_blank”>Hong Kong shares bounced on Wednesday after Beijing set an ambitious economic growth target while pledging more support for domestic consumption and the tech industry as a trade war with the United States heats up.

The blue-chip CSI300 Index dipped 0.2% in early trade and the Shanghai Composite lost 0.3% in volatile trading, though tech shares firmed.

Hong Kong’s Hang Seng Index bounced 1.7%, while the Hang Seng Tech Index climbed 1.8%.

China’s top policymakers announced a 2025 growth target of roughly 5%, a record 4%…



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China shares waver, HK bounces as Beijing vows more support for consumption, AI


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china-stocks” target=”_blank”>China stocks wavered and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/hong-kong-shares” target=”_blank”>Hong Kong shares bounced on Wednesday after Beijing set an ambitious economic growth target while pledging more support for domestic consumption and the tech industry as a trade war with the United States heats up.

The blue-chip CSI300 Index dipped 0.2% in early trade and the Shanghai Composite lost 0.3% in volatile trading, though tech shares firmed.

Hong Kong’s Hang Seng Index bounced 1.7%, while the Hang Seng Tech Index climbed 1.8%.

China’s top policymakers announced a 2025 growth target of roughly 5%, a record 4%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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