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
95860 7 Steps To Offer Your Service OmarDickey475590393 2024.12.07 2
95859 Bet777 Casino Review Debora6868118419420 2024.12.07 0
95858 7 Essentials When Preparing To Sell Your Company OmarDickey475590393 2024.12.07 1
95857 10 Tips For Making A Good Live2bhealthy Even Better HermineRash5255768 2024.12.07 0
95856 How Does Solar Work? HuldaBoulton268975 2024.12.07 1
95855 What To Do Prior To, During, And After The Sale OmarDickey475590393 2024.12.07 3
95854 Why We Love Live2bhealthy (And You Should, Too!) StevenShaver877449 2024.12.07 0
95853 Casino Plex Review MarquitaHose40636450 2024.12.07 0
95852 Personalized Printed Bags CarinaSikes49651 2024.12.07 2
95851 Телеграм Группы Городов России TerryCubadgee48 2024.12.07 0
95850 Intro MelodyCarrion68975 2024.12.07 2
95849 Compare Electricity & Gas Plans TerrellI99628158 2024.12.07 2
95848 Quantum Information Scientific Research I. MelodyCarrion68975 2024.12.07 2
95847 Nicotinamide Mononucleotide (NMN) Side Results And Advantages AleciaRudall8914579 2024.12.07 2
95846 Top 5 Free Brand Creator Applications And Templates ChelseaMcgough745 2024.12.07 0
95845 Switching Energy When Moving House HuldaBoulton268975 2024.12.07 1
95844 Finest Sports Betting Sites 2024 KatherineMcConnel25 2024.12.07 2
95843 Efficient Energy Use HuldaBoulton268975 2024.12.07 3
95842 Wind And Solar Hit Record 12% Of Global Power Generation Last Year IGWPilar6002503644 2024.12.07 2
95841 Solar Eugenio28J285524 2024.12.07 2
Up