** Hong Kong's benchmark Hang Seng Index climbed
1.1%, and the China Enterprises Index added 1.2%.
** China's blue-chip CSI300 Index closed down
0.3%, while the Shanghai Composite Index lost 0.2%.
** Regional U.S. lender First Citizens BancShares scooped up the assets of failed peer Silicon Valley Bank on
Monday, allaying investor fears of deeper banking sector stress
and prompting a rally in bank shares, while global stocks also
rose.
** Additionally, the Federal Reserve's top regulatory
official plans to tell Congress that regulators are committed to
ensuring all U.S. bank deposits are safe.
** Financial shares traded in Hong Kong rose 1.4%, with HSBC Holdings and AIA Group up 1.9% and 1.6%, respectively.
** Hong Kong tech stocks climbed 0.9%, with Tencent up 4.2%.
** China's cyberspace regulator vowed on Tuesday to clamp
down on malicious online comments that damage the reputation of
businesses and entrepreneurs, amid an official drive to shore up
the private sector and spur economic growth.
** China's Premier Li Qiang told foreign business executives
that the country will open up further.
** "Chinese leaders are attempting to shore up foreign
investors' confidence in China after the years of the
closed-door policy during the pandemic and the trend of
de-globalization," said Ken Cheung, chief Asian FX strategist at
Mizuho Bank.
** Premier Li also said China will maintain a certain level
of economic expansion as it accelerates a transition towards
higher quality growth, Chinese state media reported.
** Shares in computer , communications equipment and media slumped between 1.6% and 3%,
after each of them jumped more than 30% this year amid a frenzy
fuelled by the revolutionary computing technology ChatGPT.
** RongSheng Petrochemical Co Ltd rose 10% after
Saudi Aramco signed agreements to acquire 10% of the Chinese
refining giant. CSI Energy Index was up 0.6%.
(Reporting by Shanghai Newsroom; Editing by Sonia Cheema and
Eileen Soreng)
