Mixed Fortunes for China Stocks Amid Trade Tensions

Chinese stocks experienced mixed fortunes on Thursday due to weak investor confidence amidst ongoing trade tensions. While banking and property stocks saw gains, consumer and electric vehicle stocks declined. In Hong Kong, the tech sector buoyed gains, largely thanks to Xiaomi's strong performance. Overall, indices showed varied results.

China's stock market displayed mixed performances on Thursday, influenced by weak confidence amidst ongoing trade tensions. Gains in banking and property sectors contrasted with declines in consumer and electric vehicle stocks.

By midday, the Shanghai Composite index had slipped 0.04% to 2,855.56 points, and the blue-chip CSI 300 index was down 0.13%. Conversely, Hong Kong's Hang Seng Index rose 0.4% to 17,460.54, driven by a surge in tech stocks like Xiaomi, which jumped 8% on better-than-expected quarterly revenue.

Elsewhere, most Chinese electric vehicle makers experienced declines following Brussels' updated tariff plan, while stocks linked to the popular video game 'Black Myth: Wukong' also fell sharply after last week's gains. Regional indices reflected mixed outcomes, with Japan's Nikkei index up 0.44% and MSCI's Asia ex-Japan stock index down 0.02%.

(With inputs from agencies.)