China, HK shares are on the hope of trade conversations, more stimulus | Einsmark news

By summer, Zhen Hong Kong, China and Hong Kong shares raised higher on Tuesday, as investors remained careful and awaited news at the high level of the US China trade in London, while poor Chinese economic data fueled the expectations of more stimulus from Beijing. Trading talks expanded to a second day, as top economic officials of the world’s two largest economies have tried to defuse a bitter dispute that has expanded from rates to rare earth restrictions, threatening a global shock of supply chain and slower economic growth. China’s Blue Chip CSI300 index climbed 0.2% by lunch, while the Shanghai composite index rose a moderate 0.1%. In Hong Kong, both the benchmark hanged Seng and the Hang Seng China Enterprises Index rose 0.3%. “We-China talks are definitely the focus for markets this week, but after the first day of negotiations we see that markets are relatively flat,” says Sean Teo, a sales trader at Saxo in Singapore. The two parties negotiate more complicated strategic issues such as rare earth, semiconductors and student visa, which is likely to be resolved in this meeting alone, he said, and the markets take a more guard-and-see approach to the initial optimism. The meeting comes at a critical time when China’s exports to the US fell by 34.5% in May, while domestic deflationary pressure has exacerbated. By noon, real estate and healthcare supplies led the profits, with Hang Seng continental properties scoring 3% and Seng Healthcare rose 2.6%. An index detection to Land Pharmaceutical and Biotechnical Enterprises has also progressed 0.9%. But defense shares dropped 1.7%. Bob Savage, head of Markets-Makro strategy at BNY, added a weaker-than-expected trade and inflation data to the hope of more government stimulus on Monday, market of the market of the market, said in a note. China will provide social insurance subsidies to qualifying university students and individuals with employment problems, increase minimum wage standards and increase the offer of affordable housing, according to the new guidelines for the government released on Monday. This article was generated from an automated news agency feed without edits to text.