China stocks steady, tech shares follow US lead higher

SHANGHAI, July 20 (Reuters) – China stocks were steady in
early trading on Thursday, with sentiment supported by buoyant
global share markets and local tech firms tracking their U.S.
counterparts.

Information technology shares were particularly strong,
after the U.S. tech sector surged past its dotcom era peak
overnight.

The CSI300 index, which powered to a 18-month high
the previous session, dipped 0.1 percent to 3,724.36 points at
2:06 GMT, while the Shanghai Composite Index was also
down 0.1 percent at 3,228.48 points.

An index tracking the technology, media and telecom sector
jumped roughly 1 percent.

The Hang Seng index was unchanged at 26,681.65
points, while the Hong Kong China Enterprises Index lost
0.2 percent, to 10,838.35.

(Reporting by Samuel Shen and Andrew Galbraith; Editing by Sam
Holmes)