Chinese shares look poised for mild early gains on their return from a weeklong holiday, supported by a surge in Hong Kong-listed names and easing concerns about regulatory headwinds for the nation’s battered tech sector.
A U.S.-listed exchange-traded fund tracking the benchmark CSI 300 Index gained 1.6% this week, the most in about two months, while Hong Kong’s Hang Seng China Enterprises Index jumped nearly 3% on Friday in its first session post the Lunar New Year break.
The CSI 300 had fallen into a bear market amid a $1.2 trillion rout just before the holidays, as worries about a weak economy and the property sector’s debt woes outweighed Beijing’s monetary easing.