China, HK shares edge up in volatile trading; new energy, tech lead gains
China and Hong Kong stocks saw slight gains on Wednesday amid market volatility, with the Shanghai Composite index up 0.05% and the CSI300 index rising 0.5%. The CSI New Energy Index surged 3.3%, driven by geopolitical tensions affecting energy prices. CATL shares rose 6% following strong profits. Analysts noted that while risk assets are rallying due to de-escalating tensions in Iran, Chinese markets face challenges from weak fundamentals. The Hang Seng Index remained flat, while the Hang Seng Tech Index gained 0.3%, with Tencent and NIO showing positive movements.
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