May 20, 2025, 11:45 GMT+7
(Reuters) - China and Hong Kong stocks rose broadly on Tuesday, led by healthcare and consumer shares, as market sentiment improved after China cut key lending rates for the first time since October.
** By midday, China's blue-chip CSI300 Indexwas up 0.6%, while the Shanghai Composite Indexgained 0.4%.
** Hong Kong's benchmark Hang Sengjumped 1.3%, hovering near a two-month high.
** China cut benchmark lending rates for the first time in seven months on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war.
** With the recent substantial progress in the U.S.-China tariff negotiations and the announcement of rate cuts, market uncertainty has eased and risk appetite has rebounded, TF Securities said in a note.
** Healthcare stocks listed in Hong Kong (.HSHCI) and mainland A-sharesadvanced 3.8% and 1.6%, respectively.
** Shares of biotech firm surged 36% by the lunch break, after the firm signed a licensing deal with U.S. drugmaker Pfizer.
** The consumer sector was another outperformer, with Hang Seng SCHK Consumer Discretionary Index (.HSSCCD) jumping 1.4%.
** Meanwhile, shares of Chinese electric vehicle battery giant CATL opened 12.5% higher than the subscription price on Tuesday after the company raised $4.6 billion in its Hong Kong listing, the largest in the world this year.
** Hong Kong shares of CATL jumped 17% by midday.
** The smaller Shenzhen indexwas up 0.86%, the start-up board ChiNext Composite indexwas higher by 1.05% and Shanghai's tech-focused

STAR

50 indexwas up 0.51%.
** Around the region, MSCI 's Asia ex-Japan stock index (.MIAPJ0000PUS) was 0.30% higher, while Japan's Nikkei indexNI225 was up 0.22%

Sumber : Reuters