Chinese stocks rose on Monday, helped by fresh signs of government-orchestrated support measures, while Hong Kong shares fell amid persistent fears of an escalation in the Middle East war.
China’s blue-chip CSI300 Index rose 0.7% by the lunch break. The Shanghai Composite Index was up 0.2%, standing above the psychologically key 3,000-point mark.
Chinese tech stocks were strong, but banking shares fell on the sector’s shrinking margins while property shares declined as China Evergrande Group moved toward a possible liquidation.
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