Hong Kong stocks end lower after Fed's surprise turn

China Feihe

21/06/2021 09:24

* HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK
daily
quota used -3%
    * HSI -1.1%, HSCE -0.9%, CSI300 -0.2%
    * FTSE China A50 -0.7%

    June 21 (Reuters) - Hong Kong stocks fell on Monday, largely
in line with other Asian markets, as investors pondered the
implications of the U.S. Federal Reserve's surprise hawkish
shift last week.
    ** At the close of trade, the Hang Seng index  .HIS  was
down 312.27 points, or 1.08%, at 28,489.00. The Hang Seng China
Enterprises index  .HSCE  fell 0.93% to 10,547.86.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dropped 0.9%, the IT sector  .HSCIIT  slipped 1.2%, the
financial sector  .HSNF  ended 1.89% lower and the property
sector fell 1.16%.
    ** The top gainer on the Hang Seng was AAC Technologies
Holdings Inc  2018.HK , which gained 5.15%, while the biggest
loser was Haidilao International Holding Ltd  6862.HK , which
fell 5.06%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 1.07%, while Japan's Nikkei index
 .N225  closed down 3.29%.
    ** U.S. St. Louis Federal Reserve President James Bullard
said on Friday that the U.S. central bank's shift towards a
faster tightening of monetary policy was a "natural" response to
economic growth and particularly inflation moving quicker than
expected as the country reopens from the COVID-19 pandemic.
 urn:newsml:reuters.com:*:nL2N2O0136  
    ** China kept its benchmark lending rate for corporate and
household loans unchanged for the 14th straight month at its
June fixing on Monday, in line with market expectations.
 urn:newsml:reuters.com:*:nAZN01B1RK  
    ** The Financial News, backed by the Peoples Bank of China
(PBOC), on Sunday advised against speculating about liquidity
tightening and policy direction, saying such action can mislead
and roil markets.  urn:newsml:reuters.com:*:nL2N2O2016  
    ** China's main Shanghai Composite index  .SSEC  closed up
0.12% at 3,529.18 points, while the blue-chip CSI300 index
 .CSI300  ended down 0.24%. 
    ** The yuan  CNY=CFXS  was quoted at 6.468 per U.S. dollar
at 08:10, 0.22% weaker than the previous close of 6.4537. 
    ** At close, China's A-shares were trading at a premium of
38.11% over Hong Kong-listed H-shares.

 (Reporting by the Shanghai Newsroom; Editing by Amy Caren
Daniel)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))