China stocks rebounded on Thursday following two sessions of declines, as investors snapped up banking and artificial intelligence (AI) shares after data showed the country’s economic recovery was losing steam.
China’s blue-chip CSI300 Index rose 0.4% by the midday break, while the Shanghai Composite Index added 0.8%
Hong Kong’s benchmark Hang Seng Index gained 1.1%, while the Hang Seng China Enterprises Index advanced 1.4%.
Other Asia-Pacific share indexes also rallied, following Wall Street’s lead, and the dollar held just below a two-month high versus the yen amid signs the United States might be close to a deal to raise the debt ceiling and avert a disastrous default.
Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.