Jul 17, 2025, 11:41 GMT+7
(Reuters) - Chinese and Hong Kong shares edged up on Wednesday, buoyed by regulatory support for the auto sector and renewed optimism in AI-related stocks, while Citi upgraded China equities citing improved earnings trends and structural growth themes.
** At the midday break, the Shanghai Composite indexwas up 0.1%, and China's blue-chip CSI300 indexwas up 0.3%.
** Leading gains were AI-related sharesthat added 1.2% and the info tech sector that jumped 1.4%to a near four-month high, as news that Nvidiawill ramp up supply of H20 chips to China continued to buoy sentiment.
** Auto stocksedged up 0.6% after authorities pledged to regulate the excessive competition and intense price wars in the electric vehicle (EV) industry.
** In Hong Kong, the benchmark Hang Seng Indexedged up 0.1%, also lifted by autoand techshares.
** Meanwhile, the biotechand healthcare sectors (.HSCIH) rallied more than 4% each.
** Analysts at Citi upgraded China equities to overweight, citing comparatively improved earnings outlook, reasonable valuations, and structural themes such as AI and corporate governance reforms.
** Internet names are among the top picks, as recent headlines about resumed sales of AI chips by US companies to China could be incrementally positive, wrote the analysts.
** "While the domestic economic picture remains mixed, a potential acceleration in support for domestic demand could be an upside catalyst," they said in a note on Thursday

Sumber : Reuters