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China, Hong Kong shares gain on tech strength, as investors await Fed
SHANGHAI: Mainland China and Hong Kong stocks edged higher on Wednesday, led by tech shares, but gains were capped as investors held back from large bets ahead of the Federal Reserve’s policy decision later in the day. At the midday break, the benchmark Shanghai composite index gained 0.6%, while the blue-chip CSI300 index advanced 0.7%. Gains were lifted by strength in tech shares, where the ChiNext Composite index was 2.4% higher and Shanghai’s tech-focused STAR50 index jumped 4.5%. AI is not a “monopoly of great powers” and the US should work with China to manage risk to create a non-discri...
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