The Shanghai Composite Index closed up 0.5%, while Hong Kong's Hang Seng Index was down 1%. (EPA Images pic)HONG KONG: China stocks edged higher, and Hong Kong shares fell on Wednesday, as investors weighed renewed global rates concerns against domestic market stabilisation measures.
The Shanghai Composite Index reversed earlier losses and closed up 0.5%. The blue-chip CSI300 index added 0.4%.
Tech shares led gains. The start-up board ChiNext Composite index rose 3.1% and Shanghai's tech-focused STAR50 index climbed 2.8%.
The telecommunications sector was among the biggest gainers, with the CSI 5G Communications Index up 6.7%. Optical communications module maker Zhongji Innolight surged over 15%.
