Nov 19, 2024 at 5:21 am GMT
HONG KONG (Reuters)-Chinese stocks slipped to a two-week low on Tuesday, while Hong Kong shares steadied as investors awaited further details of economic stimulus from Beijing and trade policy from Washington.
** At the midday break, the Shanghai Composite index. SSEC was down 0.39% at 3,311.01 points and the blue-chip CSI 300 index.CSI300was down 0.42%. Both indexes had hit two-week lows in morning trade.
** Hong Kong's benchmark Hang Seng Index.HSIwas up 0.33% at 19,640.74.
** Trading volume has thinned since last week as investors sought fresh direction, either from Chinese economic data, news on the makeup of the next U.S. administration, or further plans in Beijing to aid China's ailing economy.
** The communication services sector led losses in mainland shares, with China Unicom.600050.SStumbling 6.55% and China Telecom.601728.SSdeclining 4% after the stocks near a two-month high last week.
** The real estate sector also drifted lower, unmoved by property tax breaks rolled out inShanghai. The CSI 300 Real Estate Index.CSI000952lost 2% while the Hang Seng Mainland Property Index.HSMPIfell 0.6%.
** Bucking the trend, shares inTrip.com9961.HKwere headed for their largest daily gain in a month after the travel platform reported better-than-expected third-quarter revenue.
** Around the region, MSCI 's Asia ex-Japan stock index.MIAPJ0000PUSwas firmer by 1% while Japan's Nikkei index.N225was up 0.65%.
** Chinese shares listed in the U.S..HXCrose 1.71% overnight.
Reporting by Hong Kong Newsroom; Editing by Varun H K
Sumber : Reuters
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