Hong Kong, China stocks gain on signs of easing deflation, tech rally

Sep 10, 2025, 12:00 GMT+7
(Reuters) - Hong Kong stocks extended gains on Wednesday, while China shares also rose slightly, lifted by encouraging signs from the inflation data and strength in tech stocks.
** At the midday break, Hong Kong benchmark Hang Seng Indexwas up 1.19% at 26,246.13, set for highest close level since September 2021.
** Tech giants listed in Hong Kong jumped 1.8%.
** China's blue-chip CSI300 Indexclimbed 0.22%, while the Shanghai Composite Indexedged up 0.17%.
** China's producer deflation eased in August, indicating Beijing's efforts to curb price wars in key industrial sectors were starting to bear fruit.
** Meanwhile, consumer prices fell at the fastest pace in six months, but the core index rose to a 2-1/2-year high.
** "The August inflation print saw pockets of improvement, driven by anti-involution and consumer goods trade-in. Prices outside policy support remain soft," Morgan Stanley analysts said in a note.
** Tech stocks led the gains on investor optimism on future artificial intelligence revenue as shares of Oracle surged in the U.S. after the bell due to robust cloud orders.
** In Hong Kong, index heavyweights JD.comjumped over 4%, Baiduup 3.8% while Alibabaadvanced 2.1%.
** On mainland A-shares, optical transceiver stocks outperformed after Citi posted bullish view on China transceiver leaders. Zhongji Innolightjumped 7.8%.
** Broader CSI 300 Telecommunication Services and CSI Cloud Computing Indexes rose more than 3% each.
** China Asset Management expects both domestic and global easing environment, especially the expectations of U.S. rate cut next week, will continue to support the equity market.
** The smaller Shenzhen indexwas up 0.15%, the start-up board ChiNext Composite indexwas higher by 1.14% and Shanghai's tech-focused 50 indexwas up 1.16%.

Sumber : Reuters