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
95581 Online ID & Identification Confirmation Solution NoraRubio2341839199 2024.12.07 4
95580 LE Mitochondrial Energy Optimizer With PQQ 120vc MaggieDearing88 2024.12.07 2
95579 Optimus CP ® Bettor Packaging And TriVis ® Stuffing Box Parts Triangular Pump Elements Inc Wayne25K85190089269 2024.12.07 2
95578 Download Yandex Internet Browser JacquelineBowman842 2024.12.07 3
95577 The Advantages Of Spermidine HarrisonHannah1608 2024.12.07 2
95576 Beginning Your Own Distribution Business In 2024 JunePung26860166107 2024.12.07 1
95575 The Truth About CBD Gummies Walmart Store Online KathaleenFuentes 2024.12.07 2
95574 Safety & Workwear ArmandoOden807529 2024.12.07 2
95573 Vehicle Accident Accident Lawyer KaliSeagle4069450775 2024.12.07 2
95572 404 Page ArmandoOden807529 2024.12.07 0
95571 Oops! GeorgeCiantar79264 2024.12.07 2
95570 33 All-natural Ways To Boost Mitochondrial Function LeeRotton545421 2024.12.07 0
95569 Leading Identity Verification Companies ClaudioAlfaro65 2024.12.07 1
95568 An N95 Mask Is Your Best Defense Against Wildfire Smoke GeorgeCiantar79264 2024.12.07 2
95567 10 Finest Offshore Sportsbooks 2024 DarlaLEstrange63 2024.12.07 1
95566 6 Practices And The 7 Ideal Supplements To Boost Mitochondrial Feature MaggieDearing88 2024.12.07 1
95565 Business Strategy Composing Software Application JunePung26860166107 2024.12.07 2
95564 The Best KN95 Masks For Kids, According To Experts BrentGumm8430132009 2024.12.07 2
95563 Power To Choose The Best Texas Energy Rates FlorentinaMoris80 2024.12.07 1
95562 IBM Quantum Discovering AshleeEaves271530221 2024.12.07 1
Up