angelA
2021-06-24
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China stocks slip as healthcare firms retreat; Hong Kong up
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pls","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/128846395","repostId":2145012162,"repostType":4,"repost":{"id":"2145012162","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624509077,"share":"https://www.laohu8.com/m/news/2145012162?lang=&edition=full","pubTime":"2021-06-24 12:31","market":"sh","language":"en","title":"China stocks slip as healthcare firms retreat; Hong Kong up","url":"https://stock-news.laohu8.com/highlight/detail?id=2145012162","media":"Reuters","summary":"* SSEC -0.2%, CSI300 -0.2%, HSI 0.1%\n* HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK dail","content":"<p>* SSEC -0.2%, CSI300 -0.2%, HSI 0.1%</p>\n<p>* HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK daily quota used 2.2%</p>\n<p>* FTSE China A50 -0.1%</p>\n<p>SHANGHAI, May 28 (Reuters) - China shares ticked lower on Thursday, dragged down by losses in the healthcare sector as drugmakers retreated on concerns over a plunge in medicine prices.</p>\n<p>** The CSI300 index fell 0.2% to 5,137.37 points at the end of the morning session, while the Shanghai Composite Index lost 0.2% to 3,561.01 points.</p>\n<p>** Leading the declines, the CSI300 healthcare index slumped 2.6% by the midday break after price slumps were shown in the results of the fifth national government-backed drug bulk-buy program.</p>\n<p>** Hengrui , Guangzhou Kingmed Diagnostics Group Co Ltd , Asymchem Laboratories Tianjin Co Ltd, Bloomage Biotechnology Corp Ltd declined between 4.1% and 6.8%.</p>\n<p>** Average price cut was 56% among the 251 products for 61 types of medicines included in the list of preliminary bid winners, state news agency Xinhua said in a report.</p>\n<p>** Investors need to pay more attention to drugmakers' overall strength given a normalised bulk-buy mechanism, TF Securities said in a report, adding that bigger-than-expected price declines would be a risk for firms going forward.</p>\n<p>** China's monthly producer price index (PPI) is likely to rise 10% in June, piling pressure on downstream consumers, a senior official of China's banking and insurance watchdog told a forum in Beijing on Thursday.</p>\n<p>** On Wednesday, two Federal Reserve officials said a period of high inflation in the United States could last longer than anticipated, just a day after Fed Chair Jerome Powell played down rising price pressures.</p>\n<p>** The Biden administration ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labour allegations, said two sources briefed on the matter.</p>\n<p>** Hoshine Silicon tumbled 9.9% after the U.S. ban.</p>\n<p>** The Hang Seng index added 0.1% to 28,838.96 points, while the Hong Kong China Enterprises Index gained 0.1%, to 10,679.86.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China stocks slip as healthcare firms retreat; Hong Kong up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina stocks slip as healthcare firms retreat; Hong Kong up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-24 12:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* SSEC -0.2%, CSI300 -0.2%, HSI 0.1%</p>\n<p>* HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK daily quota used 2.2%</p>\n<p>* FTSE China A50 -0.1%</p>\n<p>SHANGHAI, May 28 (Reuters) - China shares ticked lower on Thursday, dragged down by losses in the healthcare sector as drugmakers retreated on concerns over a plunge in medicine prices.</p>\n<p>** The CSI300 index fell 0.2% to 5,137.37 points at the end of the morning session, while the Shanghai Composite Index lost 0.2% to 3,561.01 points.</p>\n<p>** Leading the declines, the CSI300 healthcare index slumped 2.6% by the midday break after price slumps were shown in the results of the fifth national government-backed drug bulk-buy program.</p>\n<p>** Hengrui , Guangzhou Kingmed Diagnostics Group Co Ltd , Asymchem Laboratories Tianjin Co Ltd, Bloomage Biotechnology Corp Ltd declined between 4.1% and 6.8%.</p>\n<p>** Average price cut was 56% among the 251 products for 61 types of medicines included in the list of preliminary bid winners, state news agency Xinhua said in a report.</p>\n<p>** Investors need to pay more attention to drugmakers' overall strength given a normalised bulk-buy mechanism, TF Securities said in a report, adding that bigger-than-expected price declines would be a risk for firms going forward.</p>\n<p>** China's monthly producer price index (PPI) is likely to rise 10% in June, piling pressure on downstream consumers, a senior official of China's banking and insurance watchdog told a forum in Beijing on Thursday.</p>\n<p>** On Wednesday, two Federal Reserve officials said a period of high inflation in the United States could last longer than anticipated, just a day after Fed Chair Jerome Powell played down rising price pressures.</p>\n<p>** The Biden administration ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labour allegations, said two sources briefed on the matter.</p>\n<p>** Hoshine Silicon tumbled 9.9% after the U.S. ban.</p>\n<p>** The Hang Seng index added 0.1% to 28,838.96 points, while the Hong Kong China Enterprises Index gained 0.1%, to 10,679.86.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145012162","content_text":"* SSEC -0.2%, CSI300 -0.2%, HSI 0.1%\n* HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK daily quota used 2.2%\n* FTSE China A50 -0.1%\nSHANGHAI, May 28 (Reuters) - China shares ticked lower on Thursday, dragged down by losses in the healthcare sector as drugmakers retreated on concerns over a plunge in medicine prices.\n** The CSI300 index fell 0.2% to 5,137.37 points at the end of the morning session, while the Shanghai Composite Index lost 0.2% to 3,561.01 points.\n** Leading the declines, the CSI300 healthcare index slumped 2.6% by the midday break after price slumps were shown in the results of the fifth national government-backed drug bulk-buy program.\n** Hengrui , Guangzhou Kingmed Diagnostics Group Co Ltd , Asymchem Laboratories Tianjin Co Ltd, Bloomage Biotechnology Corp Ltd declined between 4.1% and 6.8%.\n** Average price cut was 56% among the 251 products for 61 types of medicines included in the list of preliminary bid winners, state news agency Xinhua said in a report.\n** Investors need to pay more attention to drugmakers' overall strength given a normalised bulk-buy mechanism, TF Securities said in a report, adding that bigger-than-expected price declines would be a risk for firms going forward.\n** China's monthly producer price index (PPI) is likely to rise 10% in June, piling pressure on downstream consumers, a senior official of China's banking and insurance watchdog told a forum in Beijing on Thursday.\n** On Wednesday, two Federal Reserve officials said a period of high inflation in the United States could last longer than anticipated, just a day after Fed Chair Jerome Powell played down rising price pressures.\n** The Biden administration ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labour allegations, said two sources briefed on the matter.\n** Hoshine Silicon tumbled 9.9% after the U.S. ban.\n** The Hang Seng index added 0.1% to 28,838.96 points, while the Hong Kong China 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