SHANGHAI, April 12 (Reuters) - Hong Kong stocks finished lower on Wednesday as heightened Sino-U.S.
tensions dented sentiment, while investors are closely watching U.S. inflation print, due later in the day. China shares were mixed.

** China's blue-chip CSI300 Index closed down 0.1%, while the Shanghai Composite Index gained 0.4%.

** The Hong Kong benchmark Hang Seng Index was down 0.9%, and the China Enterprises Index declined 1.2%.

** Taiwan President Tsai Ing-wen said on Wednesday that her recent overseas trip, which included the United States, showed the world Taiwan's determination to defend freedom and democracy.

** Tsai's statements came after state media reported that the Chinese navy continued with "actual combat training" around Taiwan on Tuesday.

** Investors continue to weigh geopolitical tensions when making decisions.

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Warren Buffett called geopolical tensions "a consideration" in Berkshire Hathaway Inc's decision to sell most of its stake in Taiwanese chipmaker TSMC, according to Nikkei.

** Meanwhile, investors are closely watching the U.S.

consumer price index (CPI) as it will likely influence the Federal Reserve's monetary policy path.

** Tech stocks traded in Hong Kong slumped 1.9%, with Tencent Holdings Ltd and paito sdy Alibaba Group Holding Ltd down 5.2% and 3.3%, respectively.

** Chinese stocks were mixed, even though better-than-expected social financing data underscores strong credit expansion in March.

** "Further improvement of credit demand and the still accommodative overall monetary policy stance contributed to the fast credit growth," Goldman Sachs said in a note.

** Artificial intelligence (AI) related themes were still fuelling the market, even as investors lost appetite for consumer staples and tourism sectors.

** AI shares and the CSI Computer Index both jumped 2.9%, with Inspur Electronic Information Industry Co Ltd rising as much as 10%.

** Telecom shares soared 4.0%, with China United Network Communications Ltd and China Telecom Corp Ltd up 7.6% and 6.0%, respectively.

(Reporting by Shanghai Newsroom

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Pub: 19 Aug 2023 19:40 UTC
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