China, Hong Kong stocks gain on signs of money inflows, Hainan free trade port excitement
China and Hong Kong stocks rose due to money inflows and excitement over Hainan Free Trade Port. CSI300 Index rose 0.8%, Shanghai Composite gained 0.6%, and Hang Seng climbed 0.2%. China's private fund sector hit 22.1 trillion yuan. Hainan stocks surged, benefiting companies like China Tourism Group Duty Free Corp. Orient Securities suggests adding positions in blue-chips and undervalued consumer stocks. Chip makers and AI stocks jumped, while banks and industrial stocks fell. Xiaomi and BOE Technology underperformed after U.S. lawmakers' concerns.
