- HSI -0.1%, HSCE -0.2%, CSI300 +0.1%
- U.S. Senate passes sweeping bill to address China tech threat
- China May PPI +9% y/y, fastest pace in over 12 years
BEIJING, June 9 (Reuters) - Hong Kong shares closed lower on Wednesday, dragged by tech firms after U.S. Senator passed a package of laws aimed at boosting its ability to take on Chinese technology.
The Hang Seng index ended down 38.75 points or 0.13% at 28,742.63. The Hang Seng China Enterprises index fell 0.23% to 10,704.75.
The IT sector dipped 0.48%, the financial sector ended 0.45% lower, while the sub-index of the Hang Seng tracking energy shares rose 2.1% and the property sector added 0.93%.
The biggest loser on the Hang Seng was Alibaba Health Information Technology Ltd , which fell 2.48%.
China's main Shanghai Composite index closed up 0.32% at 3,591.40, while the blue-chip CSI300 index ended up 0.08%.
The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.
The Chinese foreign ministry on Wednesday urged the United States to stop promoting such laws and to stop depicting China as a threat.
China's factory gate prices rose at their fastest annual pace in over 12 years in May, driven by surging commodity prices, adding to global price pressures at a time when policymakers are trying to revitalise growth following the COVID-19-induced slump.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.35%, while Japan's Nikkei index closed down 0.35%.
The yuan was quoted at 6.3924 per U.S. dollar at 0816 GMT, up 0.13%.
(Reporting by Beijing Newsroom; editing by Uttaresh.V)
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