Chinese stocks finished mostly unchanged on Thursday as investors weighed fresh evidence of economic recovery amid rising Sino-US tensions, while chipmakers continued to rally.
Hong Kong stocks rose, led by healthcare and commodities.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, lost 0.16%, while the Shanghai index remained flat.
Hong Kong’s Hang Seng index rose 0.28%, with technology stocks gaining 0.1%. Hong Kong’s healthcare sector climbed 2.6%, while raw material inventories rose 2.4%.
Services activity in China rose in March at the fastest pace in 2-and-a-half years thanks to new orders and job creation, as well as a consumption-led post-Covid recovery, according to a private sector survey shown on Thursday .
But optimism was tempered by a rise in Sino-US tensions after US House Speaker Kevin McCarthy hosted Taiwanese President Tsai Ing-wen in California on Wednesday and stressed the need to speed up deliveries of arms in Taiwan in the face of growing threats from China.
. In TOKYO, the Nikkei index fell by 1.22% to 27,472 points.
. In HONG KONG, the HANG SENG index rose 0.28% to 20,331 points.
. In SHANGHAI, the SSEC index remained stable at 3,312 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, fell by 0.16% to 4,096 points.
. In SEOUL, the KOSPI index lost 1.44% to 2,459 points.
. In TAIWAN, the TAIEX index fell 0.36% to 15,810 points.
. In SINGAPORE, the STRAITS TIMES index lost 0.55% to 3,300 points.
. In SYDNEY, the S&P/ASX 200 index fell 0.25% to 7,219 points.
Source: Terra
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