Apr 22, 2025, 11:38 GMT+7
(Reuters)- China and Hong Kong stocks held firm on Tuesday, bucking modest losses across Asia after Wall Street fell overnight.
** At the midday break, the Shanghai Composite indexwas up 0.3% at 3,301.59 points, while the blue-chip CSI300 indexwas little changed.
** The banking sector and liquor stocksclimbed 0.7% and 0.4%, respectively, leading the benchmarks higher.
** In Hong Kong, the benchmark Hang Seng IndexHSI lost less than 0.1%, while the Hang Seng Tech Indexslid 0.5%.
** China's e-commerce firm JD.comand delivery platform Meituanboth tumbled 6.6% as competition heats up between the companies.
** Supporting the markets, China's "national team" and private retail investors have been in sync to buy the dip and defend the market as the Sino-U.S. trade conflict shows no signs of easing.
** In the broader region, other Asian stock markets saw modest losses but largely held their ground despite Wall Street declines overnight.
** Japan's Nikkeieased 0.3%, while MSCI 's broadest index of Asia-Pacific shares outside Japandeclined 0.2%.
** There's only a "mild risk-off" sentiment in Asia despite a heavy overnight session, and the focus ahead will still be the various tariff discussions with the U.S., Wee Khoon Chong, senior markets strategist for APAC at BNY, said in a note

Sumber : Reuters