Jun 26, 2025, 11:34 GMT+7
(Reuters) - China stocks rose for the fourth day on Thursday, led by gains in defence and tech sectors, while Hong Kong's shares weakened after hitting a three-month peak.
** At the midday break, the Shanghai Composite indexwas up 0.1% at 3,459.66 points, the highest level since December. China's blue-chip CSI300 indexwas little changed.
** In Hong Kong, the benchmark Hang Seng Indexweakened 0.5% after closing at the highest level since March on Wednesday.
** Lifting onshore markets higher, the CSI Defence Index rallied 1.9%, while the AI subsector indexclimbed 1.3% and the info tech sector added 0.6%.
** Financial sector sub-indexweakened 0.2% and the brokers sector lost 0.6% to give up some of the gains seen on Wednesday.
** Markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade and underpinning sentiment.
** Analysts at Goldman Sachs said in a note on Thursday that they have observed strength across China assets from the trading desks with long-only funds and hedge funds both getting more active. Clients' feedback now expect more retail participation following the recent rally.
** Still, the upcoming earnings season and the outlook for the second half will be the key focus as there's limited visibility on macro support, they added.
** Around the region, MSCI 's Asia ex-Japan stock index was firmer by 0.1%, while Japan's Nikkei indexwas up 1.3%

Sumber : Reuters