Chinese stocks rise as US-China talks and technology shares lift sentiment

  • Shanghai Composite, Shenzhen Component and Hang Seng Index rose 0.4%, 1.2% and 0.4%, respectively, on Tuesday.
  • The indexes reached 3,963.8, 13,889 and 25,152, while Hong Kong IPO candidates sought up to US$1.83 billion combined.
  • US-China officials completed a second day of talks as investors monitored the expected Trump-Xi meeting and November trade-truce expiry.

Chinese equities advanced on Tuesday as high-level US-China discussions, technology-stock strength and lower oil prices supported investor sentiment. The Shanghai Composite rose 0.4% to 3,963.8, the Shenzhen Component gained 1.2% to 13,889 and the Hang Seng Index added 0.4%, or 107 points, to 25,152, extending its winning streak to three sessions. Officials completed a second day of discussions on artificial intelligence, investment and trade ahead of the expected meeting between US President Donald Trump and Chinese President Xi Jinping. The summit was scheduled in the US for September 23–25 in the older report and was described as expected later that week in the newer report; issues cited included AI, the Iran conflict, export controls and rare-earth supplies. Investors were also watching whether the Beijing-Washington trade truce could be extended before its November expiration. Hong Kong’s IPO market remained active, with Ligent Technologies scheduled to begin trading at up to HK$32.96 per share and four other companies seeking up to US$1.83 billion combined.

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