• 75
  • 35
  • Favorite

China stocks fall after inflation data; Hong Kong up

Reuters2021-07-09

* SSEC -0.7%, CSI300 -1.1%, HSI 0.7%

* HK->Shanghai Connect daily quota used 0.7%, Shanghai->HK daily quota used 1.2%

* FTSE China A50 -1.2%

SHANGHAI, July 9 (Reuters) - China stocks fell on Friday, and are on track to post a weekly loss, as data showed the country's annual factory gate inflation remained uncomfortably high and underlined growing strains on the economy.

** The CSI300 index fell 1.1% to 5,034.76 points at the end of the morning session, while the Shanghai Composite Index dipped 0.7% to 3,501.16 points.

** Shenzhen's start-up board ChiNext shed 1.2%, while Shanghai's tech-focused STAR50 index lost 2.5%.

** For the week, CSI300 declined 0.9%, while SSEC lost 0.5%.

** China's factory gate inflation eased in June, but the annual rate stayed high. The persistently high inflationary pressures in the industrial sector prompted China's cabinet this week to flag potential policy easing measures, mainly to support smaller firms.

** Investors should pay close attention to potential risks as the market now faces changes, including risks from some of China's real estate debts and the U.S. Fed's taper talk, Huaan Securities said in a note.

** The brokerage recommended sectors with robust earnings growth in the first half, including semiconductor, new energy vehicles-related firms and sectors with low valuations.

** In Hong Kong, the Hang Seng index added 0.7% at 27,330.71 points, while the Hong Kong China Enterprises Index gained 0.3% at 9,853.95.

** The Hang Seng tech index slumped as much as 2.3% to a nine-month low before reversing course as investors hunted for bargains following a recent sharp correction.

** China's securities regulator is setting up a team to review plans by Chinese companies for initial public offerings (IPOs) abroad, sources with knowledge of the matter said, including those using a corporate structure, which Beijing says has led to abuse.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment35

  • LPN
    ·2021-07-09
    Wow
    Reply
    Report
  • HawTK
    ·2021-07-09
    That’s bad 
    Reply
    Report
  • may_bb
    ·2021-07-09
    Oooh
    Reply
    Report
  • cwpang
    ·2021-07-09
    Great ariticle, would you like to share it?
    Reply
    Report
  • newbiee
    ·2021-07-09
    Wow
    Reply
    Report
  • jaebeompark
    ·2021-07-09
    Pls like and comment
    Reply
    Report
    Fold Replies
    • cwpang
      good
      2021-07-09
      Reply
      Report
    • Sushi__
      Ok, like too pls
      2021-07-09
      Reply
      Report
  • Hap
    ·2021-07-09
    Hi
    Reply
    Report
  • Skyyyyyyyy
    ·2021-07-09
    buy the dip 
    Reply
    Report
  • cavanng
    ·2021-07-09
    When will it stop falling? 
    Reply
    Report
    Fold Replies
  • Ryan555
    ·2021-07-09
    why why
    Reply
    Report
  • JohnL
    ·2021-07-09
    Patience will pay off
    Reply
    Report
    Fold Replies
  • RktCapital
    ·2021-07-09
    While the rest of Asia is up..
    Reply
    Report
  • peakaboo
    ·2021-07-09
    Oh my this is badddd
    Reply
    Report
    Fold Replies
  • auahau
    ·2021-07-09
    wow
    Reply
    Report
    Fold Replies
    • JohnL
      Indeed
      2021-07-09
      Reply
      Report
  • JonasSiew
    ·2021-07-09
    Like please
    Reply
    Report
    Fold Replies
    • Mmcheya
      Done
      2021-07-09
      Reply
      Report
  • Jon000
    ·2021-07-09
    Like plsS
    Reply
    Report
    Fold Replies
    • JohnL
      Sure
      2021-07-09
      Reply
      Report
  • CaseyTeng
    ·2021-07-09
    Like please
    Reply
    Report
    Fold Replies
    • Kenneth89
      Done. Kindly like and comment back
      2021-07-09
      Reply
      Report
  • MunYee531
    ·2021-07-09
    Please like and comment, thank you
    Reply
    Report
    Fold Replies
  • Rav3NouS
    ·2021-07-09
    Like me comment I'll like yours
    Reply
    Report
    Fold Replies
    • Ligercub
      Doned
      2021-07-09
      Reply
      Report
  • TSL1121
    ·2021-07-09
    hi
    Reply
    Report
    Fold Replies
    • Ygh
      Done
      2021-07-09
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial