** China's blue-chip CSI 300 Index slid 0.09%, while the Shanghai Composite Index was flat.
** The Hang Seng Index climbed 0.71%, while the Hang Seng China Enterprises Index went up 0.80%, both snapping three straight sessions of losses.
** Nine Republican senators called on the Biden administration to impose sanctions against Huawei Cloud and other Chinese cloud service providers, citing national security concerns.
** "We believe that the market focus will be gradually shifted from themes and geopolitics to economic data and corporate earnings," said Chris Liu, a senior portfolio manager, China A-shares at Invesco.
** Based on booking data from many online travel agencies, China's tourism industry is likely to see a strong Golden Week holiday, he said.
** Investors rotated out of the crowded artificial intelligence (AI) sector, leading to a 4.3% decline in the AI index . Photovoltaic stocks surged 6.5% and the new energy sector gained 5.2%.
** Chinese battery giant CATL jumped 5.4%.
** BofA Global Research analysts said they believe the
recent weak performance of Chinese markets is due to concerns
about the economic outlook.
** Markets may only get more clarity by June/July, when base
effect normalises, and corporates provide the second-quarter
earnings guidance, they added.
** Hong Kong-listed tech firms rebounded 1.3%.
Alibaba fell more than 3% to their lowest since March
21 in early trade before closing down 1%.
** The European Union has singled out 19 tech giants,
including Alibaba's AliExpress, subjecting them to landmark EU
online content rules, EU industry chief Thierry Breton said on
Tuesday.
** Hong Kong Exchanges and Clearing Ltd (HKEX) rose 1.2% after it reported a 28% increase in first-quarter
profit.
(Reporting by Summer Zhen; Editing by Subhranshu Sahu)
