China shares rise on consumer boost as investors rotate out of growth

SHANGHAI, Feb 9 (Reuters) – Consumer firms lifted Chinese equities on Wednesday as investors reconsidered high valuations of growth stocks amid growing external risks, while Hong Kong’s Hang Seng rose as rebounding Alibaba shares led a rally in the technology sector.

** At the midday break, the Shanghai Composite index (.SSEC) was up 0.4% at 3,466.37.

** China’s blue-chip CSI300 index (.CSI300)

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News Source: https://www.reuters.com/markets/europe/china-shares-rise-consumer-boost-investors-rotate-out-growth-2022-02-09/

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