HK inches up as region feels cutting edge of tech fear

Hong Kong and mainland stocks recouped earlier losses on Tuesday as a selloff in AI-related shares across Asia subsided, but the blue-chip index across the border still finished at its lowest close in more than a year. The benchmark Hang Seng Index edged up 74 points, or 0.3 percent, to 24,345 on turnover of HK$187.57 billion. The tech index fell 32 points, or 0.8 percent, to 4,136 while the China enterprises index inched up six points, or 0.1 percent, to 8,174. On the mainland, the Shanghai Composite Index inched up three points, or 0.1 percent, to close at 3,800 on turnover of 779.3 billion yuan. The blue-chip CSI300 Index recovered some losses to close down 0.3 percent. The Shenzhen Component Index slipped 31 points, or 0.25 percent, to 12,353 on turnover of 896.6 billion yuan while the ChiNext Index reversed hefty morning losses to shed five points, or 0.18 percent, and close at 2,958 on turnover of 449.73 billion yuan. Risk appetite has been weak due to the widening conflict in the Middle East and higher global yields. Soothing the market ⁠anxiety a bit, economists in a poll forecast that China's exports rose 25.5 percent year on year in US dollar terms in September,...