Jul 2, 2025, 11:47 GMT+7
(Reuters) -Chinese stocks were little changed, while Hong Kong shares climbed on Wednesday following a local holiday, with investors remaining cautious amid ongoing global trade tensions.
** At the midday break, the Shanghai Composite index barely moved to hold at 3,456.51, hovering near a three-month high. China's blue-chip CSI300 indexadded less than 0.1%.
** Defensive sectors helped lift the markets onshore, with the banking sector sub-index higher by 0.9% and liquor distiller sectorup 0.8%.
** Tech shares weighted on the markets, with the semiconductor sector and AI-related sharesboth losing 1.7%.
** Hong Kong shares edged up after traders returned from a local holiday. The benchmark Hang Seng Indexadded 0.6% at 24,220.65, and Chinese H-share index listed in the city, the Hang Seng China Enterprises Indexalso rose 0.6%.
** The property sub-index (. HSNP ) added 1.6%, helping boosting the markets.
** Around the region, MSCI 's Asia ex-Japan stock indexedged up 0.1%, while Japan's Nikkei indexwas down 0.7%.
** Caution prevailed across the region as investors await the trade talk progresses, after Trump said he was not considering extending the July 9 deadline for countries to negotiate trade deals with the United States.
** The U.S. and India are nearing a deal that would lower tariffs on American imports to the South Asian country, while doubt has been cast on a deal with Japan.
** BlackRock Investment Institute said they are neutral on Chinese equities in the second half due to trade policy and stimulus uncertainties, but see selective opportunities in priority sectors that could receive targeted support.
** "We see slower growth after a relatively strong first half driven by front-loaded exports and stimulus," they said.

Sumber : Reuters