Mainland China and Hong
Kong shares ended higher on Monday, led by energy and
semiconductor stocks, while investor sentiment was lifted by
growing industrial profits in April. Profits.
Mainland China and Hong Kong shares ended higher on Monday, driven by gains in energy and semiconductor stocks. Chinese industrial profits turned positive in April, and investors are keeping a close watch on upcoming economic data. The Shanghai Composite and CSI300 indexes both saw significant gains.
China Semiconductor Investment: That commitment has taken on renewed urgency after the U.S. imposed a series of export control measures over the last couple of years, citing fears Beijing could use advanced chips to boost its military capabilities.
China has established its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan.