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China, HK stocks steady as AI hardware bounce counters weak data
SHANGHAI: China and Hong Kong stocks held steady on Tuesday, as a mild rebound in AI hardware shares failed to offset losses elsewhere, with mixed August data pointing to persistently weak domestic demand. China’s blue-chip CSI300 Index was flat by the lunch break, while the Shanghai Composite Index lost 0.1%. Hong Kong benchmark Hang Seng was down 0.2%. China’s industrial output picked up pace in August, though sluggish consumption and a worsening investment slump reinforced concerns over deepening economic imbalances. Meanwhile, new home prices fell again in August, underscoring persistent w...
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