Feb 4, 2026, 11:25 GMT+7
Reuters - China and Hong Kong shares eased on Wednesday as tech stocks lost ground, while a private survey showed China's services activity grew at the fastest pace in three months in January.
** China's blue-chip CSI300 Indexslipped 0.2% by the lunch break, while the Shanghai Composite Indexwas flat. Hong Kong's benchmark Hang Sengwas down 0.4%.
** The services reading, buoyed by stronger new orders and the quickest hiring since July, contrasted with lingering softness elsewhere in the economy.
** "The big picture is still that the economy appears to have lost some momentum last month, largely due to domestic weakness in manufacturing and construction," analysts at Capital Economics said in a note.
** Onshore artificial intelligence sharesfell more than 3% to a one-month low, following steep losses in U.S. and European equities on fears that advancements in AI could supplant traditional software. The CSI Software Services Index was down 2.6%.
** Tech giants listed in Hong Kongwere down 2.2%.
** Defensives outperformed. Onshore banking stocks rose nearly 1%,while consumer staple sharesextended gains, up 1.1%, supported by a rebound in liquor stocks since the end of January.
** Solar names rallied, with the CSI Solar Power Equipment Index jumping nearly 7% after local media reported a team linked to Elon Musk recently visited several photovoltaic firms in China. Coal producers also advanced, sending the Coal Index up 6.2%.
Sumber : Reuters
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