For the week, CSI300 firmed 3.2%, while SSEC added 1%. Leading the gains on Friday, the CSI300 banking index and CSI300 healthcare index rose 2% and 4%, respectively. Investors continued to trade the economic recovery story, while ample funds still favored leading blue-chips that were seen as “core assets” in the A-share market and Hong Kong, analysts at Dongxing Securities said in a report. Data over the weekend showed China’s factory activity grew in January, in line with an ongoing economic recovery, but at the slowest pace in five months after new coronavirus infections prompted lockdowns. Worries over Sino-U.S. tensions kept gains in check.
SHANGHAI China and Hong Kong stocks climbed on Tuesday, helped by easing concerns about tight liquidity conditions and falling cases of new coronavirus…