China stocks end higher on semiconductor and AI gains

Hua Hong Grace Semiconductor

28/05/2026 09:29

Updates to market close
SHANGHAI, May 28 (Reuters) - Chinese stocks closed slightly higher on Thursday, as gains in semiconductor and AI shares overshadowed losses in financial, consumer and property equities. Hong Kong shares were down.
** China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC ended up 0.1% each. Hong Kong's benchmark Hang Seng .HSI was down 1.3%.   
** The 5G Communication Index .CSI931079 rose 2.7%, with optical transceiver maker Zhongji Innolight 300308.SZ up nearly 8%.
** The CSI Semiconductor Index .CSIH30184 rose 1.4%. Shares of chip giant Hua Hong 1347.HK jumped more than 11% in Hong Kong.
** China's tech-focused STAR 50 Index .STAR50 climbed 1.6%, extending its year-to-date gain to 37%.
** Investor attention has shifted towards hardware technology sectors seen as representing China's push for advanced productive forces, analysts at Western Securities said.
** As memory chipmaker CXMT moved closer to its initial public offering, investment in AI infrastructure is gaining momentum, they said.
** Liquor shares .CSI399997, viewed as a bellwether for domestic consumption, fell 2.4%, while the CSI300 Financial Index .CSI300FS lost 1.1%.
** Hong Kong-listed tech stocks have less exposure to AI-related hardware supply chains than their mainland counterparts.
** The Hang Seng Tech Index .HSTECH fell 0.4%, with investor sentiment weighed down by a sharp fall in profit from e-commerce group PDD Holdings. Shares of the company in New York PDD.O fell 10% overnight.
** Mainland property developers listed in Hong Kong .HSMPI fell 1.5%, while materials shares .HSCIM slumped 3.8%.
** Hong Kong shares of Chinese EV maker NIO 9866.HK jumped as much as 11% after the company's new SUV model launch.

 (Reporting by Shanghai Newsroom; Editing by Eileen Soreng and Subhranshu Sahu)
 ((li.gu@tr.com))