SHANGHAI, May 7 (Reuters) - China and Hong Kong stocks rose on Thursday, as risk sentiment improved on hopes of a Middle East de-escalation.
China’s blue-chip CSI300 Index (.CSI300) edged up 0.2% by the lunch break, while the Shanghai Composite Index (.SSEC) gained 0.3%. Hong Kong benchmark Hang Seng (.HSI) was up 1.6%. The mood brightened after Iran said on Wednesday it was reviewing a U.S. peace proposal that sources said would formally end the war but leave unresolved key U.S. demands that Iran suspend its nuclear program and reopen the Strait of Hormuz.
“Despite the lack of a definitive resolution, defensive positioning has lowered the threshold for positive surprises to influence price action,” UBS strategist Rohit Arora said.
Onshore energy shares (.CSIEN) fell 3.9%, the Coal Index (.CSI000820) dropped nearly 4.5%.
The 5G Communication Index (.CSI931079) led gains onshore, up 3.5%.
Hong Kong-listed tech majors (.HSTECH) were up 3.1%, following an overnight rally in their counterparts listed in New York. Alibaba shares (9988.HK) jumped 4.3%. China’s tourism sector saw a rise in trips during the May Day holiday, though official data released the day after the five-day break did not include spending figures that usually provide a fuller picture of consumption over the period.
Chinese liquor shares (.CSI399997) were up 1.1%, while food and beverage stocks edged up 0.4%. Markets are watching closely for U.S.-China developments as U.S. President Donald Trump is set to meet Chinese President Xi Jinping in May on his first visit to China in eight years.

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Reuters

CSI 300

Hang Seng TECH Index

SSE Index

Hang Seng Index

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC CSI 5G Communication ETF

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

UBS Group AG

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BABA-W

Alibaba

中证白酒

BABA-WR

Alibaba HK SDR 5to1

China, Hong Kong stocks rise on Mideast ceasefire hopes