Dec 5, 2024 at 5:19 am GMT
By Summer Zhen
HONG KONG (Reuters)- China stocks flitted within a narrow range on Thursday, while Hong Kong shares dipped, as investors remained on the sidelines ahead of the central economic working conference that is likely to provide guidance on next year's economic stimulus plan.
** At the midday break, the Shanghai Composite index. SSEC nudged 0.16% higher to 3,370.18 points.
** China's blue-chip CSI300 index.CSI300was down 0.13%, with its financial sector sub-index.CSI300FStrading 0.3% higher, the consumer staples sector.CSI000912down 0.45%, the real estate index.CSI000952down 0.83% and the healthcare sub-index.CSI300HCdown 0.54%.
** Media stocks.CSI399971lifted the index, with a 4% jump by midday.
** The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index. HSCE fell 0.95% to 7,017.46, while the Hang Seng Index.HSIwas down 0.99% at 19,547.01.
** The central economic working conference, reportedly to be held next week, may shed some light on China's policy outlook.
** Economists at Nomura noted in a report that economic stimulus measures may not be announced until the March 2025 National People's Congress, warning that the economic momentum seen in the fourth quarter could slow in the first half of 2025.
** The smaller Shenzhen index. SZSC was up 0.65%, the start-up board ChiNext Composite index.CNTwas higher by 0.56% and Shanghai's tech-focused 50 index.50climbed 0.18%.
** Around the region, MSCI 's Asia ex-Japan stock index.MIAPJ0000PUSslipped 0.17%, while Japan's Nikkei index.N225was up 0.28%.
** Chinese ADRs.HXCfell 1.38% overnight.
** The yuanCNY=CFXSwas quoted at 7.2702 per U.S. dollar, 0.03% weaker than the previous close of 7.2679.
Reporting by Summer Zhen; Editing by Sherry Jacob-Phillips
Sumber : Reuters
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