China and Hong Kong stocks close down as investors take profits
tomorrow don't know ok ma ![]()
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China and Hong Kong stocks closed down on Monday, led by tech and media shares, as profit-taking in those sectors capped advances of key indexes, while the Chinese yuan rebounded from a four-month low.
The CSI Anime Comic Game Index fell 4.6%, the largest one-day percentage drop in a month, after rallying nearly 30% since early February.
Tech giants traded in Hong Kong fell 0.5%. Real estate shares were one of the few bright spots on Monday after Premier Li Qiang said China would further optimise property policy and effectively motivate potential demands.
The blue-chip CSI300 index was down 0.54%, with its financial sector sub-index lower by 0.5%, the consumer staples sector down 0.76%, the real estate index up 1.62% and the healthcare sub-index down 0.6%.
The smaller Shenzhen index ended down 1.45% and the start-up board ChiNext Composite index was weaker by 1.912%. Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.2%, while Japan’s Nikkei index closed down 1.16%.
At 0659 GMT, the yuan was quoted at 7.2064 per U.S. dollar, 0.31% firmer than the previous close of 7.229. In Hong Kong, the Hang Seng index was down 25.83 points or 0.16% at 16,473.64. The Hang Seng China Enterprises index fell 0.05% to 5,754.65. The sub-index of the Hang Seng tracking energy shares rose 1.2%, while the IT sector rose 0.11%, the financial sector ended 0.91% lower and the property sector rose 0.11%.
The top gainer on the Hang Seng was China Hongqiao Group Ltd , which gained 13.4%, while the biggest loser was Lenovo Group Ltd, which fell 8.63%.
Source: China and Hong Kong stocks close down as investors take profits - Market News | The Financial Express
China and Hong Kong stocks closed down on Monday, led by tech and media shares, as profit-taking in those sectors capped advances of key indexes, while the Chinese yuan rebounded from a four-month low.
The CSI Anime Comic Game Index fell 4.6%, the largest one-day percentage drop in a month, after rallying nearly 30% since early February.
Tech giants traded in Hong Kong fell 0.5%. Real estate shares were one of the few bright spots on Monday after Premier Li Qiang said China would further optimise property policy and effectively motivate potential demands.
The blue-chip CSI300 index was down 0.54%, with its financial sector sub-index lower by 0.5%, the consumer staples sector down 0.76%, the real estate index up 1.62% and the healthcare sub-index down 0.6%.
The smaller Shenzhen index ended down 1.45% and the start-up board ChiNext Composite index was weaker by 1.912%. Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.2%, while Japan’s Nikkei index closed down 1.16%.
At 0659 GMT, the yuan was quoted at 7.2064 per U.S. dollar, 0.31% firmer than the previous close of 7.229. In Hong Kong, the Hang Seng index was down 25.83 points or 0.16% at 16,473.64. The Hang Seng China Enterprises index fell 0.05% to 5,754.65. The sub-index of the Hang Seng tracking energy shares rose 1.2%, while the IT sector rose 0.11%, the financial sector ended 0.91% lower and the property sector rose 0.11%.
The top gainer on the Hang Seng was China Hongqiao Group Ltd , which gained 13.4%, while the biggest loser was Lenovo Group Ltd, which fell 8.63%.
Source: China and Hong Kong stocks close down as investors take profits - Market News | The Financial Express
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010Leo : hopefully just a 3 day affair
Cui Nyonya Kueh OP 010Leo :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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WinningTrader : Not surprising. It was expected people to take profit, get out, make a quick buck, etc when Chinese govt pumped up the stock market.
Without real economy drivers, let's hope and see, or see and hope.
心急吃不了热豆腐 : The real market starts April.. March end many companies fiscal end where they count their assets, inventoriee and do their budget.
Cui Nyonya Kueh OP 心急吃不了热豆腐 : thanks for valuable sharing![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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