China stocks edge lower, Hong Kong shares fall as global rate concerns weigh
- China’s Shanghai Composite rose 0.5%, while the Hang Seng Index fell 1%.
- Chinese technology shares recorded larger gains, including increases in the ChiNext Composite, STAR50, and CSI 5G Communications Index.
- Nanhua Futures analysts said investors remained cautious amid global market risks and concerns about bond yields and the stronger dollar.
- South Korea’s KOSPI rose 0.68%, led by technology and defense stocks, despite concerns about high U.S. inflation and further rate hikes.
13 Articles
13 Articles
China stocks edge lower, Hong Kong shares fall as global rate concerns weigh
Chinese mainland stocks edged lower while Hong Kong equities fell as investors assessed rising global bond yields, stronger US inflation and uncertainty in oil markets. Technology stocks showed resilience, with the ChiNext index gaining 1% and the CSI 5G Communications Index rising 3%.
Seoul shares extended gains late Wednesday morning, led by a rebound in technology stocks, despite concerns that hotter-than-expected U.S. inflation could prompt further interest rate hikes. After opening 0.56 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) reversed course and was trading up 35.68 points, or 0.68 percent, at 5,274.81 as of 11:20 a.m. On Tuesday, the index gained 4.39 percent, buoyed by a rally in U.S. tech…
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