Sep 5, 2024 at 5:00 am GMT
By Summer Zhen
HONG KONG (Reuters) - China stocks were subdued while Hong Kong markets slipped on Thursday, as lacklustre performances in oil and coal sub-indexes offset upbeat sentiment towards the property sector.
A broad risk-off mode ahead of a likely U.S. rate cut and the lack of market-moving catalysts also weighed on sentiment.
At the midday break, the Shanghai Composite index . SSEC held its ground at 2,785.38 points.
** China's blue-chip CSI300 index .CSI300 edged 0.1% higher, with its financial sector sub-index .CSI300FS up by 0.16%, the consumer staples sector .CSI000912 rose 0.3% and the healthcare sub-index .CSI300HC gained nearly 1%.
** The real estate sub-index .CSI000952 jumped 1.71% following a report that Chinese regulators have proposed reducing rates on outstanding mortgages nationwide by a total of about 80 basis points to ease homeowners' burden.
** Concerns over weakening oil demand dragged China- .CSIEN and Hong Kong-listed energy stocks lower. Hong Kong's Hang Seng Mainland Oil & Gas Index HSMOGI dropped more than 3% to suffer the most significant losses.
** Chinese H-shares listed in Hong Kong . HSCE fell 0.87% to 6,080.59, while the Hang Seng Index .HSI was down 0.46% at 17,376.86.
** The smaller Shenzhen index . SZSC was up 0.45%, the start-up board ChiNext Composite index .CNT was higher by 0.78% and Shanghai's tech-focused

STAR

50 index .

STAR

50 was up 0.67%.
** Around the region, MSCI 's Asia ex-Japan stock index .MIAPJ0000PUS was firmer by 0.33% while Japan's Nikkei index .N225 was down 1.14%.
** The yuan CNY=CFXS was quoted at 7.1006 per U.S. dollar, 0.17% firmer than the previous close of 7.1125.
 Reporting by Summer Zhen; Editing by Sherry Jacob-Phillips 

Sumber : Reuters