Aug 23, 2024 at 9:04 am GMT
Updates to the close
SHANGHAI (Reuters) -China stocks ended higher on Friday after three straight sessions of losses, while Hong Kong shares fell in conjunction with regional peers amid caution ahead of Federal Reserve Chair Jerome Powell's speech.
Powell is scheduled to speak at a central bank event in Jackson Hole, Wyoming, later on Friday, where global investors will tune in to gauge the extent and timing of U.S. rate cuts.
** At the close, the Shanghai Composite index . SSEC was up 0.2% at 2,854.37 points.
** The blue-chip CSI300 index .CSI300 was up 0.42%, with its financial sector sub-index .CSI300FS higher by 1.18%, the consumer staples sector .CSI000912 down 0.04%, the real estate index .CSI000952 down 0.19% and the healthcare sub-index .CSI300HC down 0.21%.
** The smaller Shenzhen index . SZSC ended up 0.08% and the start-up board ChiNext Composite index .CNT was unchanged.
** Electric vehicle shares led losses this week amid rising trade tensions between China and the European Union, with a gauge measuring the sector .CSI399976 falling 2.4% for the week to the lowest level in more than four years.
** China's Commerce Ministry met with automakers and industry associations on Friday to discuss raising import tariffs on large-engined gasoline vehicles, sounding a warning as the European Union nears a tariff decision on Chinese electric cars.
** At the close of trade, the Hang Seng index .HSI was down 28.90 points or 0.16% at 17,612.10. The Hang Seng China Enterprises index . HSCE fell 0.08% to 6,219.24.
** The sub-index of the Hang Seng tracking energy shares .HSCIE rose 0.6%, while the IT sector .HSCIIT dipped 0.56%, the financial sector . HSNF ended 0.45% higher and the property sector dipped 0.45%.
** The top gainer on the Hang Seng was Ping An Insurance Group Co of China Ltd 2318.HK, which gained 3.64%, while the biggest loser was NetEase Inc 9999.HK, which fell 10.28%.
** Around the region, MSCI 's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.05%, while Japan's Nikkei index .N225 closed up 0.4%.
** The yuan CNY=CFXS was quoted at 7.1365 per U.S. dollar at 0845 GMT, 0.16% firmer than the previous close of 7.148.
 Reporting by Shanghai Newsroom; Editing by Sonia Cheema and Eileen Soreng 

Sumber : Reuters