China stocks rise slightly, HK shares fall ahead of data

From Marketscreener: 2024-06-14 05:33:18

Mainland China stocks rose slightly despite a weakening yuan. Hong Kong stocks fell, with blue-chips marking the fourth straight week of losses. Investors awaited Chinese credit data and economic activity updates for more insight into the economy. The yuan hit a seven-month low against the dollar. The U.S. may take action against Chinese companies supplying Russia’s defense sector.

In China, the Shanghai Composite index closed up 0.12%, with the CSI300 index up 0.44%. Brokers surged 2.4% on industry consolidation hopes. In Hong Kong, the Hang Seng index fell 0.94%, with energy and IT sectors declining. Regionally, MSCI’s Asia ex-Japan index was down 0.14%, while Japan’s Nikkei index closed up 0.24%.



Read more at Marketscreener: China stocks edge up, HK shares fall ahead of key economic data