Chinese and Hong Kong stocks extend gains on boost from Tibet dam project.
At the close, the Shanghai index was up 0,612%.
Reuters Chinese stocks closed at an eight-month high on Tuesday, and the Hong Kong market extended gains to a multi-year peak, boosted by construction and energy companies after work began on a major dam project in Tibet, considered the world's largest.
At the close, the Shanghai index rose 0,612%, while the CSI300 index, which includes the largest companies listed in Shanghai and Shenzhen, advanced 0,82%. The Hang Seng index in Hong Kong climbed 0,54%.
The Hang Seng index rose to 25.130 points, its highest level since November 2021, while the CSI300 hit its strongest point since November 2024.
Some construction and energy stocks extended their gains after China announced over the weekend the start of construction on a $170 billion hydroelectric dam in Tibet.
Anhui Conch Cement and Power Construction Co. of China, listed in Shanghai, hit a daily high of 10%.
The easing of tensions between the United States and China, pressure from Beijing for long-term funds to invest in stocks, and renewed confidence in the country's industrial sector have improved sentiment, noted Ting Lu, Nomura's chief economist for China.
In Tokyo, the Nikkei index fell 0,11% to 39.774 points.
In Hong Kong, the Hang Seng index rose 0,54% to 25.130 points.
In Shanghai, the SSEC index gained 0,62%, to 3.581 points.
The CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, rose 0,82% to 4.118 points.
In Seoul, the KOSPI index fell 1,27% to 3.169 points.
In Taiwan, the TAIEX index fell 1,51% to 22.987 points.
In SINGAPORE, the STRAITS TIMES index rose 0,03% to 4.208 points.
In Sydney, the S&P/ASX 200 index advanced 0,10%, to 8.677 points.
