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#HKMarketUpdate
China stocks rebound but fall for second week; Hong Kong shares up
May 22, 2026, 16:44 GMT+8

China stocks bounced on Friday but logged a second consecutive week of declines as soaring tech shares face growing profit-taking pressure.
The Hong Kong market rose as Lenovo Group's forecast-smashing results boosted sentiment.

** China's blue-chip CSI300 Index 3399300 ended the session up 1.3%, but was down 0.3% for the week.

** The Shanghai Composite Index 000001, which on Thursday logged its biggest drop since March, rebounded 0.9%.

** In Hong Kong, benchmark Hang Seng HSI advanced nearly 1%, led by tech shares HHSTECH as Lenovo 80992 surged 20% to its highest level in 26 years.

** China stocks have been climbing this year as AI-led optimism helps overcome investor worries about the broader economy.

** BNP Paribas said there's a dramatic improvement in earnings expectations in China and some other Asian economies, but "this is, however, not a broad-based story but one nearly entirely driven by the tech super-cycle."

** The bank warned that "any reversal of the (tech) cycle will create a material headwind to regional equities," but "in the near-term, it remains the only story."

** Goldman Sachs also painted a picture of a bifurcated Chinese economy where the red-hot tech sector contrasts with ailing "old economy" industries.

** "The ongoing Middle East conflict and higher energy prices have negatively impacted the Chinese economy," Goldman Sachs said in a note. However, "the Chinese economy has so far been more flexible than expected in adapting to higher oil prices."

** The Wall Street bank said investors should closely monitor Chinese exports, which have been a key growth engine. It added that "there have been some encouraging signs from the property market in top-tier cities."

** Tech shares rebounded sharply from Thursday's fall.

** Shenzhen start-up board ChiNext (.CHINEXTC) and the CSI Electronics Index (.CSI399811) jumped.

** In Hong Kong, the Hang Seng Tech Index HHSTECH climbed, while an index tracking chipmakers (.HSIT) jumped.

https://www.tradingview.com/news/reuters.com,2026:newsml_L6N41Z0IF:0-china-stocks-rebound-but-fall-for-second-week-hong-kong-shares-up/
Earnings miss, downside risks weigh on Singtel shares, but RHB sees ‘re-entry opportunity’ https://bt.sg/yFeb
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#USMarketUpdate
Dow adds nearly 300 points Friday for new record close; S&P 500 notches eighth winning week: Live updates

Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility.
The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70.

The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.

Although all three indexes closed in the green on Friday, they finished off their highs reached earlier in the session.


https://www.cnbc.com/2026/05/21/stock-market-today-live-updates.html?__source=androidappshare