Published on 08/28/2026 at 12:50 am EDT
(Reuters) - China stocks were steady on Friday, as gains in real estate shares offset losses in biotech and chipmaking plays.
** Hong Kong stocks gained following strength on Wall Street overnight.
** The Shanghai Composite Index edged up 0.1%, while the large-cap CSI300 Index lost 0.1%.
** In Hong Kong, the Hang Seng Index advanced 0.5%.
** Morgan Stanley said that China's A-share sentiment has softened as U.S. yields rise.
** But the bank continues to "see scope for improving A-share market dynamics as the largest liquidity overhang fades and global AI trades regain momentum," it said in a note,
** Worries around the risk of liquidity drains from the market have accompanied recent mammoth IPOs such as chipmaker CXMT 's float.
** Overnight in the U.S., the technology-heavy Nasdaq outperformed peers after chip maker Nvidia's bumper revenue forecast reaffirmed the strength of the AI boom, fueling gains in technology stocks.
** But Chinese chipmakers fell on Friday after a mid-week rebound.
** Chinese biotech shares were also among the biggest decliners.
** Property shares, however, rallied on Friday despite signs of further deterioration in the sector.
** "The prolonged property downturn remains a key driver of China's K-shaped recovery, and a further growth miss could increase the likelihood of incremental policy support this fall," Morgan Stanley said.
** "We think an equity market rebound is possible if confirmed."
** In Hong Kong, materials media and IT stocks were among the top performers, while semiconductor and shipping shares were among the biggest losers.
(Reporting by Shanghai newsroom; Editing by Ronojoy Mazumdar)

Sumber : Reuters