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2021-01-24

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Hong Kong stocks fall as China's composite index slips when global rally pauses

Jan 22 (Reuters) - Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since N

Hong Kong stocks fall as China's composite index slips when global rally pauses

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The Hang Seng China Enterprises index&nbsp;fell 1.8% to 11,677.45.</p>\n<p>For the week, the indexes rose 3.06% and 3.15% respectively, their fourth consecutive week of gains.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;fell 4.5%, while the IT sector dipped 0.1%, the financial sector ended 2.6% lower and the property sector slipped 1.8%.</p>\n<p>\"U.S. sanction does not affect the solid fundamental of some Chinese big names, the correction of the stock market has made the valuation even more attractive,\" said Carie Li, economist of OCBC Wing Hang Bank in Hong Kong.</p>\n<p>The top gainer on the Hang Seng was WuXi Biologics (Cayman) Inc, which rose 6.03%, while the biggest loser was CNOOC Ltd, which fell 5.6%.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was firmer by 0.72%, while Japan's Nikkei index&nbsp;was down 0.4%.</p>\n<p>Republicans in the U.S. Congress have indicated they are willing to work with the new president on his administration's top priority, a $1.9 trillion fiscal stimulus plan, but some are opposed to the price tag.</p>\n<p>China's main Shanghai Composite index closed 0.4% lower at 3,606.75 points, while the blue-chip CSI300 index&nbsp;ended 0.1% higher.</p>\n<p>At 0804 GMT, the yuan was quoted at 6.4760 per U.S. dollar, comparing to the previous close of 6.4595.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks fall as China's composite index slips when global rally pauses\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\">2021-01-22 16:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Jan 22 (Reuters) - Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov. 30, as investors locked in gains following recent strength and China's composite stock index slipped amid a breather in the global rally.</p>\n<p>At the close of trade, the Hang Seng index was down 1.6% at 29,447.85. The Hang Seng China Enterprises index&nbsp;fell 1.8% to 11,677.45.</p>\n<p>For the week, the indexes rose 3.06% and 3.15% respectively, their fourth consecutive week of gains.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;fell 4.5%, while the IT sector dipped 0.1%, the financial sector ended 2.6% lower and the property sector slipped 1.8%.</p>\n<p>\"U.S. sanction does not affect the solid fundamental of some Chinese big names, the correction of the stock market has made the valuation even more attractive,\" said Carie Li, economist of OCBC Wing Hang Bank in Hong Kong.</p>\n<p>The top gainer on the Hang Seng was WuXi Biologics (Cayman) Inc, which rose 6.03%, while the biggest loser was CNOOC Ltd, which fell 5.6%.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was firmer by 0.72%, while Japan's Nikkei index&nbsp;was down 0.4%.</p>\n<p>Republicans in the U.S. Congress have indicated they are willing to work with the new president on his administration's top priority, a $1.9 trillion fiscal stimulus plan, but some are opposed to the price tag.</p>\n<p>China's main Shanghai Composite index closed 0.4% lower at 3,606.75 points, while the blue-chip CSI300 index&nbsp;ended 0.1% higher.</p>\n<p>At 0804 GMT, the yuan was quoted at 6.4760 per U.S. dollar, comparing to the previous close of 6.4595.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00981":"中芯国际","HSCCI":"红筹指数","01810":"小米集团-W","06618":"京东健康","HSCEI":"国企指数","03143":"华夏香港银行股","09999":"网易-S","HSI":"恒生指数","01658":"邮储银行","01177":"中国生物制药","00883":"中国海洋石油","02269":"药明生物"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105546600","content_text":"Jan 22 (Reuters) - Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov. 30, as investors locked in gains following recent strength and China's composite stock index slipped amid a breather in the global rally.\nAt the close of trade, the Hang Seng index was down 1.6% at 29,447.85. The Hang Seng China Enterprises index fell 1.8% to 11,677.45.\nFor the week, the indexes rose 3.06% and 3.15% respectively, their fourth consecutive week of gains.\nThe sub-index of the Hang Seng tracking energy shares fell 4.5%, while the IT sector dipped 0.1%, the financial sector ended 2.6% lower and the property sector slipped 1.8%.\n\"U.S. sanction does not affect the solid fundamental of some Chinese big names, the correction of the stock market has made the valuation even more attractive,\" said Carie Li, economist of OCBC Wing Hang Bank in Hong Kong.\nThe top gainer on the Hang Seng was WuXi Biologics (Cayman) Inc, which rose 6.03%, while the biggest loser was CNOOC Ltd, which fell 5.6%.\nAround the region, MSCI's Asia ex-Japan stock index was firmer by 0.72%, while Japan's Nikkei index was down 0.4%.\nRepublicans in the U.S. Congress have indicated they are willing to work with the new president on his administration's top priority, a $1.9 trillion fiscal stimulus plan, but some are opposed to the price tag.\nChina's main Shanghai Composite index closed 0.4% lower at 3,606.75 points, while the blue-chip CSI300 index ended 0.1% higher.\nAt 0804 GMT, the yuan was quoted at 6.4760 per U.S. dollar, comparing to the previous close of 6.4595.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":16,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}