May 7, 2026, 11:35 GMT+7
Reuters - China and Hong Kong stocks rose on Thursday, as risk sentiment improved on hopes of a Middle East de-escalation.
** China's blue-chip CSI300 Indexedged up 0.2% by the lunch break, while the Shanghai Composite Indexgained 0.3%. Hong Kong benchmark Hang Sengwas up 1.6%.
** The mood brightened after Iran said on Wednesday it was reviewing a U.S. peace proposal that sources said would formallyend the warbut leave unresolved key U.S. demands that Iran suspend its nuclear program and reopen the Strait of Hormuz.
** "Despite the lack of a definitive resolution, defensive positioning has lowered the threshold for positive surprises to influence price action," UBS strategist Rohit Arora said.
** Onshore energy sharesfell 3.9%, the Coal Index dropped nearly 4.5%.
** The 5G Communication Indexled gains onshore, up 3.5%.
** Hong Kong-listed tech majorswere up 3.1%, following an overnight rally in their counterparts listed in New York. Alibaba sharesjumped 4.3%.
** China's tourism sector saw a rise in trips during the May Day holiday, though official data released the day after the five-day break did not include spending figures that usually provide a fuller picture of consumption over the period.
** Chinese liquor shareswere up 1.1%, while food and beverage stocks edged up 0.4%.
** Markets are watching closely for U.S.-China developments as U.S. President Donald Trump is set to meet Chinese President Xi Jinping in May on his first visit to China in eight years.
Sumber : Reuters
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