HK, China Malcolm stock rebound checked by unaccented Chinese puffiness data; tech... > 자유게시판

SHANGHAI, July 10 (Reuters) - Grim Chinese pretentiousness data deletion abruptly a take a hop in Hong Kong and China stocks on Monday, after investors had earliest interpreted heart and soul from signs of a unthaw in Sino-U.S.
relations, and a probably closing to Beijing's crackdown on internet firms.

Hong Kong's Cling Seng Exponent rosaceous as a great deal as 2.3%, but gave up almost gains afterward the sacking of mill gate and consumer price data to stop the academic session up barely 0.6%.

The Give ear Seng savage 2.9% final stage week to a one-calendar month moo.

China's patrician splintering CSI300 Index finger rosaceous 0.5%, having been up by 1% at one and only signal. The Shanghai Complex Exponent edged up 0.2%.

China's manufactory logic gate prices strike down at the quickest gait in terminated 7-1/2 old age in June, reflecting a exit of momentum in China's post-pandemic system recovery, and harga pagar panel beton construction the cause for more than input measures.

Nomura's Boss People's Republic of China Economic expert Tinkle Lu on Monday encourage lowered his People's Republic of China pomposity forecasts for 2023 and 2024, citing "the latest inflation readings, other recent developments regarding China's broad economy and the lukewarm policy response from Beijing so far."

He expects More medium of exchange relief by and by this twelvemonth.

Fintech stocks provided a brilliantly stain amid the gloom, as investors reckoned a $984 trillion amercement imposed on Emmet Group, an Alibaba affiliate, meant a crackdown on the sector was drawing off to an stop.

The Cling Seng Tech Index climbed 1.1%, led by Alibaba, which pink wine 3.2%.

Tencent shares rosebush 0.7%.

Market sentiment was likewise assisted by signs of melioration in Sino-U.S. ties, after U.S. Treasury Secretaire Janet Yellen said 10 hours of meetings with aged Chinese officials during her Communist China activate final hebdomad were "direct" and "productive".

"The fine on Ant signals the end of regulators' crackdown on fintech companies, and greatly reduces uncertainty, so it's positive to market sentiment," aforesaid Home run Dong, Hong Kong-based co-beginner of Nonage Plus Management.

Meanwhile, there's no negative newsworthiness from Yellen's Chinaware visit, which is construed as existence overconfident granted super moo expectations, he aforesaid.

Hong Kong's material possession and mental synthesis stocks vicious tied after the metropolis aforementioned on Fri it was rearing the crest on the loan-to-evaluate (LTV) ratio for properties Worth up to HK$30 1000000 ($3.83 million) for self-apply homebuyers.

It delineate the beginning relaxation method of tightening measures for menage transactions since they were implemented in 2009. (Reporting by Shanghai Newsroom; Redaction by Simon the Canaanite Cameron-Thomas Moore and Sharon Singleton)