China stocks up as investors turn positive

China stocks edged up on Monday, as signs of easing Sino-US tensions boosted investor sentiment. Tech shares led Hong Kong stocks up.

China’s blue-chip CSI300 Index climbed 0.4% by the lunch break, while the Shanghai Composite Index gained 0.5%. Hong Kong’s benchmark Hang Seng Index was up 1.5%.

James Wang, head of China strategy at UBS held a positive view towards China’s equity market in 2024, projecting a 15% upside to MSCI China index, given current market’s trough valuation, low investor positioning, and accelerating policy support.

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.

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