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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China, Hong Kong stocks rise as chipmakers rally on strong earnings

China and Hong Kong stocks advanced on Monday, led by technology shares as semiconductor companies gained following strong earnings, while consumer and liquor stocks weakened ahead of key economic data due later in the day, Reuters reported.

At the midday break, the Shanghai Composite was up 0.8% at 3,960.19, while the blue-chip CSI 300 also gained 0.8%. Technology stocks outperformed, with the ChiNext Composite rising 1.3% and Shanghai’s STAR 50 index climbing 3%.

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