April 23, 2024 at 12:34 am EDT
SHANGHAI, April 23 (Reuters) - China stocks slipped on Tuesday, dragged by cyclical shares such as metals, while technology companies boosted Hong Kong shares.
Non-ferrous metals companies led the declines in China, sliding 3.4%, while coal-related stocks dropped 1.3%.
UBS strategists upgraded MSCI China equities to "overweight" as the index has a higher weight in consumption where they see early signs of improvement and was little affected by the weak property sector.
** China's main Shanghai stock market fell, while Hong Kong's Hang Seng Index was up.
** At the midday break, the Shanghai Composite index was down 0.41% at 3,032.13 points.
** China's blue-chip CSI300 index was down 0.56%, with its financial sector sub-index higher by 0.57%, the consumer staples sector up 0.81%, the real estate index down 0.79% and the healthcare sub-index down 0.55%.
** Chinese H-shares listed in Hong Kong rose 1.85% to 5,939.12, while the Hang Seng Index was up 1.64% at 16,782.71.
** The smaller Shenzhen index was down 0.27%, the start-up board ChiNext Composite index was weaker by 0.31% and Shanghai's tech-focused

STAR

50 index was down 0.78%.
** Around the region, MSCI 's Asia ex-Japan stock index was firmer by 0.91% while Japan's Nikkei index was up 0.32%.
** The yuan was quoted at 7.2447 per U.S. dollar, 0.01% weaker than the previous close of 7.244.
** The largest percentage gainers on the main Shanghai Composite index were Wuhan Xingtu Xinke Electronics, jumping 20.04%, followed by roughly 10% gains in Jiangsu Yabang Dyestuff and Star Lake Bioscience Co Inc Zhaoqing Guangdong.
** The largest percentage losses were Shanxi Lanhua Sci-Tech Venture, Wingtech Technology and Guangxi Huaxi Nonferrous Metal, each of which slid about 10%. (Reporting by Shanghai Newsroom; Editing by Savio D'Souza)

Sumber : Reuters