<div id="readability-page-1"><div> China and Hong Kong stocks rose on Tuesday, as investors assessed signs that Beijing's crackdown on price wars is supporting a recovery in corporate earnings. ** China's blue-chip CSI300 Index climbed 0.3% by the lunch break, while the Shanghai Composite Index traded steady. In Hong Kong, the Hang Seng Index was up more than 1%. ** Investor sentiment was buoyed by government data showing industrial profits in China increased last year for the first time since 2021.** Overall profitability edged higher in December, &#34;mostly driven by improving downstream profit margin,&#34; Goldman Sachs said in a note to clients. ** The market was also aided by overnight strength on Wall Street. Both the S&amp;P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, hitting their highest levels in more than a week.** Tech stocks led the rise in China. Chipmakers (.CSI950125), electronics firms (.CSI399811) and telecom stocks (.CSI931235) were among the best performers.** An index tracking China-listed insurers (.CSI399809) jumped nearly 3% after Hua Chuang Securities forecast the sector to post robust earnings, driven by investment returns. ** An index tracking gold-related stocks (.CSI931238) hit record as prices of the yellow metal soared. ** Hong Kong-listed shares of Zijin Gold International jumped more than 10% after the miner said it would buy Canada's Allied Gold for global expansion.** Shares of its Shanghai-listed parent Zijin Mining rose nearly 5%.** Financial (.HSCIF) shares led the gains in Hong Kong.** China's central bank pledged on Monday to promote greater financial market connectivity between the mainland and Hong Kong, part of efforts to promote the city's international financial centre status. </div></div>

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China and Hong Kong stocks rose on Tuesday, with the CSI300 Index up 0.3% and the Hang Seng Index gaining over 1%. Investor sentiment improved due to government data showing a rise in industrial profits for the first time since 2021. Tech stocks, particularly chipmakers and telecom firms, performed well. An index for insurers jumped nearly 3% on positive earnings forecasts. Zijin Gold International shares surged over 10% after announcing a purchase of Allied Gold. The central bank also pledged to enhance financial market connectivity between mainland China and Hong Kong.

China, HK stocks gain on signs Beijing's price-war crackdown lifts earnings