China stocks jump to three-month high, HK rallies on ceasefire optimism
Tuesday, June 24, 2025       12:45 WIB

Jun 24, 2025, 11:44 GMT+7
(Reuters) -China and Hong Kong stocks rose on Tuesday, joining a broader rally across Asia, as global risk appetite improved following U.S.
** At midday trading break, the Shanghai Composite Indexgained 1% to 3,415.45, the highest level since March 20. The blue-chip CSI300 Indexclimbed 1.1% to a one-month high.
** Hong Kong benchmark Hang Sengwas up 1.9%, the biggest single-day gain in over five weeks.
** Around the region, MSCI 's Asia ex-Japan stock indexwas firmer by 2.3%, while Japan's Nikkei indexwas up 1.1%.
** Markets reacted positively to the news that U.S. President Donald Trump announced a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region.
** Risk sentiment in China markets probably won't get much worse from here, and further dips on Middle East tensions might signal a new round of buying opportunities, analysts at Bank of China (International) Securities said in a note.
** On Tuesday, the CSI AI indexled onshore markets with a 1.9% rally, while the financial sector sub-indexclimbed 1.2% and consumer staples sectoradded 1.1%.
** Tech firms and car makers led gains in Hong Kong, with Hang Seng Automobile Indexadding over 3% and the Hang Seng Tech Index climbing 2.3%.
** China's yuan also strengthened to its highest level in nearly two weeks against a broadly weaker U.S. dollar on Tuesday.

Sumber : Reuters