Jun 3, 2026, 12:12 GMT+7
By Summer Zhen
China stocks extended gains on Wednesday, boosted by a jump in optical and semiconductor stocks on optimism over AI growth. Hong Kong shares dropped as investors sought hardware opportunities elsewhere.
** At the midday break, China's blue-chip CSI300 Indexclimbed 1.6% and the Shanghai Composite Indexrose 0.6%.
** Hong Kong benchmark Hang Sengwas down 1.7%. Hong Kong-listed Chinese internet giants dropped 2.4%.
** Telecommunication and semiconductor shares led gains in mainland A-shares, up more than 8.2% and 4.9%, respectively.
** Suzhou TFC Optical Communicationand optical transceiver giant Zhongji Innolightsurged more than 10%, following a strong session by their U.S. peers overnight.
** This week's Computex conference in Taipei has further ignited investor enthusiasm for AI supply chain.
** Meanwhile, China's services activity expanded at the fastest pace in three months in May, helped by stronger growth in new business and a rebound in overseas demand, a private-sector survey showed on Wednesday.
** Goldman Sachs analysts said in a note on Wednesday that they maintain "overweight" on China A-shares on improving growth outlook and exposure to hardware AI companies.
** However, it lowered its weight on Hong Kong shares to medium-weight, given earning concerns over companies outside the hard tech area.
** The smaller Shenzhen indexwas up 1.38%, the startup board ChiNext Composite indexwas higher by 3.97% and Shanghai's tech-focused

STAR

50 indexwas up 4.78%.
** MSCI 's Asia ex-Japan stock index was firmer by 0.17%.

Sumber : Reuters