Tech shares rise in China, HK; investors evaluate Mideast peace talks

Tech shares rose ​across mainland China and Hong Kong markets ​on Tuesday, led by gains ‌in Tencent and ​Meituan, while investors cautiously evaluated Middle East peace talks. ** At the close, China's tech-focused STAR 50 was up 1.6%, Shenzhen's startup ‌board ChiNext rose 2.7%, while Hong Kong's tech shares jumped 4.7%.

Tech shares rose ​across mainland China and Hong Kong markets ​on Tuesday, led by gains ‌in Tencent and ​Meituan, while investors cautiously evaluated Middle East peace talks.

** At the close, China's tech-focused STAR 50 was up 1.6%, Shenzhen's startup ‌board ChiNext rose 2.7%, while Hong Kong's tech shares jumped 4.7%. ** The benchmark Shanghai Composite index edged up 0.4%, and the blue-chip CSI300 index advanced 1.5%.

** Hong Kong's benchmark Hang Seng Index ‌ended up 2.5%, the biggest daily rise in nearly two months. ** Non-ferrous metal shares ‌climbed, with a sub-index tracking the sector up 3.3%. And AI shares gained 2.9%.

** Shares of Tencent Holdings leapt 10.5% after the Financial Times reported the company moved closer to launching an AI agent for WeChat's 1.4 billion Chinese ⁠users. ** ​Chinese food delivery leader ⁠Meituan jumped 9.3%. It posted a third consecutive quarterly loss on Monday and met revenue growth estimates, but a ⁠year of subsidy-fuelled competition in China's one-hour delivery space showed signs of easing.

** "Markets are entering June balancing renewed ​geopolitical risks from U.S.-Iranian military exchanges against continued enthusiasm for AI-driven growth and technology investment," ⁠said Bob Savage, head of markets macro strategy at BNY. ** "Meanwhile, China stands out as the only major emerging market ⁠attracting ​inflows across the equity, fixed income and currency markets."

** Lebanon announced on Monday a partial ceasefire between Hezbollah and Israel. ** Earlier, Iranian state media said Tehran was halting indirect negotiations ⁠with the U.S. and might end the ceasefire, citing the war in Lebanon. U.S. President Donald ⁠Trump, meanwhile, said talks ⁠with Iran were ongoing "at a rapid pace."

** Separately, Knowledge Atlas Technology JSC, also known as Zhipu AI, on Monday said it intends to ‌apply for ‌a domestic listing in Shanghai.