Dec 2, 2025, 11:32 GMT+7
Reuters - China stocks fell on Tuesday as investors stayed cautious ahead of key policy meetings and amid a seasonal earnings lull, while Hong Kong shares were little changed.
** China's blue-chip CSI300 Indexand the Shanghai Composite Indexboth lost 0.6%. Hong Kong benchmark Hang Sengedged up 0.1%.
** Many investors are eyeing new opportunities in sectors with low valuations after recent profit taking, UBS analysts said in a client note.
** "Investors who haven't adjusted their positions since October remain bearish, anticipating volatility until mid-2026, with potential market recovery tied to improving earnings in Q2 or Q3 of 2026," they said.
** China's blue-chip index CSI300has matched the S&P 500with a roughly 16% year-to-date gain, while Hong Kong's Hang Seng- up about 30% - is on course for its most substantial annual rise since 2017.
** Meanwhile, investors are awaiting readouts from the annual agenda-setting Central Economic Work Conference and the December Politburo meeting.
** Year-end and early new year mark a key window for the government to set annual policy targets, while listed firms face a lengthy earnings vacuum, creating hotspots and room for speculative flows, said analysts at Avic Securities in a note.
** "However, possibly because liquidity is tighter at year-end, overall market risk appetite is leaning more toward prudence," the analysts said.
** China Vanke shares traded onshoreand offshoreboth edged up after the developer sought to defer one bond repayment by a year.
** Tech majors traded in Hong Kongfell 0.5%, while onshore AI stocksdropped 0.9%.

Sumber : Reuters