China, HK stocks edge up as metals, financials offset tech drag
China and Hong Kong stocks rose slightly on Monday, driven by gains in non-ferrous metals and financial shares, despite losses in technology stocks. The CSI300 Index increased by 0.3%, while the Shanghai Composite and Hang Seng Indexes both gained 0.1%. Non-ferrous metal shares surged 4.6% as gold prices hit a record high. Analysts expect AI and technology to be key growth themes, but caution about rising capital expenditures. Regulatory scrutiny remains high, with fines for market manipulation and probes into misleading statements. Financial stocks also saw gains, with insurance and bank shares up 2.8% and 0.6%, respectively.
