Chinese equities advanced to a one-week high on Wednesday, with gains in semiconductor shares outweighing sharp losses in optical module makers, while Hong Kong stocks also edged higher, Reuters reported. Improving global risk sentiment after easing tensions in the Middle East further supported investor confidence.
By the midday break, China's blue-chip CSI300 Index had climbed 1%, while the Shanghai Composite Index gained 1.3%. Hong Kong's Hang Seng Index was also in positive territory, rising 0.1%.
