China stocks rebound as AI firms shine

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Fidelity China Special Situations

More articles like this

Fidelity China Special Situations

China stocks rebound on growth hopes

China stocks bounced off 10-month lows on Friday on hopes of improving growth, but seven consecutive weeks of foreign outflows underscored lingering economic and geopolitical concerns toward the country. Hong Kong stocks also rebounded amid buoyant Asian markets.

Fidelity China Special Situations

China stocks rise on stabilisation signs

Chinese shares closed up on Monday amid signs of stabilisation in the world’s second-largest economy, while property and technology stocks dragged the Hong Kong market. China’s blue-chip CSI 300 Index ended 0.5% higher, while the Shanghai Composite Index

Fidelity China Special Situations

Chinese economy has keys to growth

A US expert who has studied China’s data and the country’s policies for addressing current economic problems refuted the notion that the economy is in trouble. Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies,

Fidelity International

Fidelity China optimistic on new stimulus measures and recovery thesis

Fidelity China Special Situations (LON:FCSS) has published its monthly factsheet for July 2023. Portfolio Manager CommentaryChina’s economic recovery started on a strong note early this year but has slowed since April. Weak consumption demand and a troubled property market

Fidelity China Special Situations

Property stocks lead China rally

Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue to beleaguered sector that’s been dragging down the economy. The Hang Seng China Enterprises Index gained as much

Fidelity China Special Situations

China stocks advance in best week since July

China’s stocks rose, driving the market to its biggest weekly gain since July after Beijing prodded banks to cut down payment and mortgage rates to revive consumption, while a private report showed manufacturing expanded. Trading in Hong Kong was halted because

Fidelity China Special Situations

China stocks post gains

Chinese stocks added to their advance from Monday as some investors saw merit in Beijing’s latest measures to invigorate markets, even as doubts persisted over their long-term impact. The CSI 300 Index finished Tuesday’s session 1% higher. That’s

Fidelity China Special Situations

Chinese property stocks surge

Chinese property stocks surged on Friday after the People’s Bank of China vowed to pledge more financial resources to support the private economy. Hong Kong-listed shares of real estate developers like Country Garden Holdings, Longfor Group Holdings, and China Resources Land were some

Fidelity China Special Situations

Why China stocks rallied

After flushing out bears in late May 2023, China markets roared higher. The politburo indicated in its key meeting last week that it would loosen its regulatory crackdown on the technology industry. Markets are pricing over two years.

Fidelity China Special Situations

Chinese stocks set to bounce back in second half

China’s stocks are likely to bounce back in the second half of the year as supportive government measures boost earnings growth and as valuations dented by economic pessimism bottom out, according to UBS Group and China Asset Management. A

Fidelity China Special Situations

China announces a slew of measures to bolster its economy

China is ramping up measures aimed at boosting its economy ahead of a key Politburo meeting this week which will review the country’s first half economic performance. In the past week, authorities have announced a series of pledges

Fidelity China Special Situations

Don’t write off China’s economic recovery

The strong growth rebound that was widely expected to follow the end of China’s “zero-COVID” policy has yet to materialize. This is both less surprising and easier to understand than many observers seem to think. The end of

Fidelity China Special Situations

Hong Kong shares up on credit data surprise

Hong Kong stocks rose on Wednesday as stronger-than-expected credit figures in June partially lifted sentiment, though Chinese stocks edged down as investors waited for a bigger stimulus. The Shanghai Composite Index dipped 0.13% despite upbeat credit data; China’s

Fidelity China Special Situations

China stocks rise on policy support hopes

China stocks rose on Monday amid hopes of more policy easing after the country’s central bank said it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment. China’s blue-chip CSI300

No more posts to show