Skip to menu

XEDITION

Board

China Stocks Down Pressured By Real Estate; HK Shares Up

NadineHanna05761 2024.12.03 09:13 Views : 5

SHANGHAI, kuwin betting April 10 (Reuters) - China stocks fell on Wednesday, dragged by real estate shares, while rating agency Fitch revised its outlook on China to negative. Hong Kong shares were up, led by tech stocks.

Ratings agency Fitch revised its outlook on China to negative on Tuesday, citing increasing risks to the country's public finance outlook.

1200x1200bb.jpgChina stocks were closed for midday break before the release of the rating downgrade.

Several property developers reported weakening sales in March, suggesting continued pressure for the sector and dragging real estate shares down.

Investors are also awaiting for a string of key economic data due this week and the next week to gauge policy paths.

** The Shanghai Composite index retreated 0.34% at 3,038.25 points by the midday break, while the blue-chip CSI 300 index was down 0.43%.

** Financial stocks, consumer staples , healthcare and real estate fell between 0.18% and 3.17%.

** The Shenzhen index was down 1.46%, the startup board ChiNext Composite index weakened 1.87% and Shanghai's tech-focused STAR50 index declined 1.57%.

** Chinese H-shares listed in Hong Kong rose 2.15% to 6,021.79, while the Hang Seng Index was up 1.88% at 17,144.54.

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.74% while Japan's Nikkei index was down 0.31%.

** The yuan was quoted at 7.2306 per U.S. dollar, 0.03% firmer thanthe previous close of 7.2329.

** The largest percentage gainers in the main Shanghai Composite index were Shaanxi Construction Machinery Co , up 10.04%, followed by SEC Electric Machinery Co gaining 10.03%, and Ningbo Zhongbai Co, up by 10.03%.

** The largest percentage losses in the Shanghai index were Beijing Kawin Technology Share-Holding Co, down 19.652%, followed by Shanghai Prosolar Resources Development Co losing 10.019%, and Shanghai Lianming Machinery Co , down by 10.013%. (Reporting by Shanghai Newsroom; Editing by Varun H K)
No. Subject Author Date Views
96347 Dream Bungalow AundreaWomack9737792 2024.12.07 0
96346 Atas Bermain Poker Online HermanCozart2513392 2024.12.07 0
96345 Buy Compounded Semaglutide Online For Weight Reduction AletheaSeal894593 2024.12.07 2
96344 Bet777 Casino Review JamiHayter7456692227 2024.12.07 0
96343 10 Finest Detoxification And Drug Rehab Centers In New York City, NY. RileyK90616132137 2024.12.07 2
96342 Is An Automobile Mishap Attorney Worth Hiring? (2022 ) LamontBeach0974691 2024.12.07 2
96341 Compare Business Electricity Prices ElmaDupuy5397358 2024.12.07 2
96340 Definition & Benefits ElmaDupuy5397358 2024.12.07 2
96339 Low Cost Versus Deals Are Going To Walmart Gift Card JanessaM78114906 2024.12.07 0
96338 Top International Sports Betting Sites 2024 StefanTuttle81304433 2024.12.07 0
96337 Dream Bungalow AundreaWomack9737792 2024.12.07 0
96336 Casino Plex Review MarquitaHose40636450 2024.12.07 0
96335 IDEAL NMN Supplements (2024 Top Brands Evaluation). MitchelMcCauley97 2024.12.07 2
96334 Grab Your Win! MireyaDame56541220243 2024.12.07 2
96333 What Is Energy Efficiency? LorenzaVincent908192 2024.12.07 1
96332 Top International Sports Betting Sites 2024 StefanTuttle81304433 2024.12.07 0
96331 Creative Gift-Giving Ideas FaeCampa107079681 2024.12.07 0
96330 File 2 Floy92K35481583 2024.12.07 0
96329 Объявления В Санкт Петербурге MelvinaFetherstonhaug 2024.12.07 0
96328 Телеграм Чаты Городов России EulahGriffie20085908 2024.12.07 0
Up