Openness must not be sacrificed in US science and tech policy on China
When President Xi Jinping arrives in Washington for his planned September 24 visit – his first state-level visit to Washington in more than a decade – artificial intelligence is expected to be near the top of the agenda. Both administrations are preparing for their first formal dialogue on AI. Washington has framed much of that conversation around the need for tighter controls on sensitive…
SHANGHAI: China's stock market saw a slight gain on Tuesday as farming, energy, and gold shares helped offset the decline in tech shares, while Hong Kong stocks slipped due to increasing Middle East tensions. The large-cap CSI 300 Index rose 0.1% by midday, and the Shanghai Composite Index increased 0.4%. Both indices have stabilized after a mid-year sell-off wiped out this year's gains.
In Hong Kong, which is more sensitive to global sentiment, the Hang Seng Index fell 0.3%. China's agriculture-related stocks climbed about 4.6% after the central government announced a plan to increase funding for rural revitalization. Energy shares also rose as heightened tensions in the Middle East pushed up oil prices. Iran threatened the United States with "economic warfare" and claimed to have launched an advanced missile at the US.
Traders are closely watching upcoming US inflation data, which could influence the Federal Reserve's next policy move. Meanwhile, China's gold stocks rose as the yellow metal gained, and the US dollar declined. James Luke, portfolio manager at Schroders, noted that the structural forces supporting gold prices remain strong, citing rising US fiscal pressure.
However, tech stocks in both China and Hong Kong fell following Monday's rebound. Computer, information security, new energy, and chipmaking shares were among the biggest losers in China, falling around 1% each.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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