China, Hong Kong stocks gain on signs of money inflows, Hainan free trade port excitement
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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.
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