China and Hong Kong stocks rose on Monday, led by healthcare, consumer and chip shares, as investors broadened their exposure beyond AI supply-chain names.
** China's blue-chip CSI300 Index SZSE:399300 and the Shanghai Composite Index SSE:000001 closed 1.2% up each. Hong Kong's benchmark Hang Seng HSI:HSI was up 1.6%.
** The shift aligns with global markets where investors expanded their positions beyond AI as they took profits from a sharp rally in memory chips this year.
** Onshore consumer staple shares SSE:000932 rallied 3.4% in their largest gain in five months, while the CSI300 Healthcare Index (.CSI000913) surged 6.3%, its biggest rise since October 2024.
** The tech-focused STAR 50 Index SSE:000688 jumped 4.6%, led by semiconductor and chip-equipment shares, as investors bet the upcoming market debut of leading Chinese memory-chip maker CXMT would boost local chipmakers.
** Reuters reported after onshore market close that CXMT signed a long-term supply agreement with Tencent Holdings HKEX:700 worth more than 20 billion yuan.
** Tech giants listed in Hong Kong HSI:HSTECH, which had underperformed onshore tech names due to a lack of hardware stocks, rebounded from their lowest points since January 2025, rising 3.2%.
** Shares related to China's low-altitude airspace broadly fell on concerns that a small aircraft crash in Beijing last week may trigger tighter control of the space.
** CITIC Offshore Helicopter shares SZSE:000099 fell 4%, while Zongsen Power Machinery SZSE:001696 slid 7.7%.
** Shares of Shanghai MicroPort MedBot HKEX:2252 jumped nearly 8% on a breakthrough in core product installation.
** China's central bank launched overnight reverse repo operations, a move markets interpreted as deepening its control over liquidity conditions.