China, HK shares rally as Trump delays Iran grid strike; caution lingers

About this update from Laopu Gold Co. Ltd. Class H

China and Hong Kong stocks rose on Tuesday after U.S. President Donald Trump postponed a threat to strike Iran's power grid, offering a brief lift to risk appetite even as investors stayed wary following Tehran's denial that any talks had taken place.** China's blue-chip CSI300 Index SZSE:399300 climbed 0.7% by the lunch break, while the Shanghai Composite Index SSE:000001 gained 1%. Hong Kong benchmark Hang Seng HSI:HSI was up 1.8%. ** Global markets regained some ground after Trump cited "productive" discussions with senior Iranian figures, though some gains were trimmed as Iran said no negotiations were taking place.** Onshore equity performance has shown only a weak link to energy prices and implied volatility on major A-share indexes is running below levels seen during the April 2025 flare-up in global trade tensions and beneath many overseas peers, said Lei Meng, China Equity Strategist at UBS. The brokerage said the recent "de-risking" phase may be nearing an end in the short term.** The selloff on Monday saw China and Hong Kong benchmarks drop more than 3%, their steepest declines since Trump's "Liberation Day" tariff shock last year, as the escalating Middle East conflict sparked a global rout.** The onshore SSE:000928 and offshore (.HSCIE) energy indexes fell 1.1% and 0.5%, respectively, while non-ferrous metal (.CSISNMIM) shares rebounded, up 2%. Materials stocks (.HSCIM) in Hong Kong rose 4%.** Defensive financial stocks SZSE:399914 rose 1.4%, led gains onshore, with bank shares (.CSI399986) up 1.8%.** Shares of WuXi AppTec SSE:603259 jumped most in eight months after the Chinese new-drug developer and manufacturer posted a higher annual profit.** Laopu Gold's HKEX:6181 shares surged as much as 11%, buoyed by strong 2025 financial results and an upbeat outlook. ** Tech majors listed in Hong Kong HSI:HSTECH were up 1.3%.

View stock analysis, news, and events for Laopu Gold Co. Ltd. Class H