Chinese technology stocks swung sharply between losses and gains on Tuesday, helping push mainland benchmark indices higher as semiconductor shares staged a strong recovery from early declines. Investors also shifted their focus to an upcoming meeting of China's top policymakers expected later this month, while monitoring signs of additional economic support, according to Reuters.
The benchmark Shanghai Composite Index was up 0.6% by the midday break, while the blue-chip CSI 300 Index gained 1.8%. Technology-focused indexes outperformed after a volatile start to trading, with the STAR50 Index surging 7% after initially falling more than 3%. The CHINEXT Composite Index also advanced 3.7% following sharp early fluctuations.
