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China shares waver, HK bounces as Beijing vows more support for consumption, AI
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China stocks wavered and Hong Kong shares bounced on Wednesday after Beijing set an ambitious economic growth target while pledging more support for domestic consumption and the tech industry as a trade war with the United States heats up.
The blue-chip CSI300 Index dipped 0.2% in early trade and the Shanghai Composite lost 0.3% in volatile trading, though tech shares firmed.
Hong Kong’s Hang Seng Index bounced 1.7%, while the Hang Seng Tech Index climbed 1.8%.
China’s top policymakers announced a 2025 growth target of roughly 5%, a record 4%…
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