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w3tan
2021-06-24

Interesting

China stocks slip as healthcare firms retreat; Hong Kong up

* SSEC -0.2%, CSI300 -0.2%, HSI 0.1% * HK->Shanghai Connect daily quota used 4.4%, Shanghai->HK dail

China stocks slip as healthcare firms retreat; Hong Kong up

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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-&gt;Shanghai Connect daily quota used 4.4%, Shanghai-&gt;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&nbsp;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&nbsp;added 0.1% to 28,838.96 points, while the Hong Kong China Enterprises Index&nbsp;gained 0.1%, to 10,679.86.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数","HSI":"恒生指数"},"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 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