Hong Kong stocks fall as energy shares retreat

China Resources Beer Holdings

29/06/2021 09:52

* HK->Shanghai Connect daily quota used -3.6%, Shanghai->HK
daily
quota used -1%
    * HSI -0.9%, HSCE -1.0%, CSI300 -1.2%
    * FTSE China A50 -1.4%

    June 29 (Reuters) - Hong Kong stocks closed lower on
Tuesday, as energy firms slumped after a decline in oil prices,
with investors treading cautiously ahead of a U.S. jobs report.
    ** The Hang Seng index  .HSI  fell 0.9% to 28,994.10, while
the China Enterprises Index  .HSCE  lost 1.0% to 10,757.30
points.    
    ** The top gainer on the Hang Seng was Haidilao
International Holding Ltd  6862.HK , which gained 8.69%, while
the biggest loser was China Petroleum & Chemical Corp  0386.HK ,
which fell 4.59%.
    ** Falling the most, the Hang Seng energy index  .HSCIE 
retreated 2.9% on the back of weaker oil prices.  
    ** State-owned oil giant PetrolChina  0857.HK  lost 4.2%,
while CNOOC  0883.HK  eased 2.9%. 
    ** Oil prices dropped for a second day on Tuesday on worries
about slower fuel demand growth as outbreaks of the highly
contagious COVID-19 variant Delta sparked new mobility
restrictions around the world.  urn:newsml:reuters.com:*:nL2N2OB0AW  
    ** Adding to the pressure were concerns new coronavirus
outbreaks in Asia could undercut an economic recovery, even as
robust momentum in the United States prompts the Federal Reserve
to contemplate a quicker exit from accommodative policy.  
    ** On Friday, a closely-watched U.S. jobs report for June
will be released, which could sway the Fed's policy outlook and
bring forward expectations for interest rate increases.
 urn:newsml:reuters.com:*:nL3N2OB195  
    ** China's main Shanghai Composite index  .SSEC  closed down
0.92% at 3,573.18, while the blue-chip CSI300 index  .CSI300 
ended down 1.17%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.5%, while Japan's Nikkei index
 .N225  closed down 0.81%.

 (Reporting by the Shanghai Newsroom; editing by Uttaresh.V)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))