Hong Kong stocks end flat as U.S. data awaited

JD Health International

10/06/2021 09:26

* HK->Shanghai Connect daily quota used 10.2%, Shanghai->HK
daily
quota used -0.5%
    * HSI +0.0%, HSCE +0.1%, CSI300 +0.7%
    * FTSE China A50 +0.8%,

    June 10 (Reuters) - Hong Kong stocks ended flat on Thursday
as investors awaited U.S. inflation data for any sign the
Federal Reserve could start tapering its massive stimulus.
    ** At the close of trade, the Hang Seng index  .HSI  was
down 3.75 points or 0.01% at 28,738.88. The Hang Seng China
Enterprises index  .HSCE  rose 0.11% to 10,716.28.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 0.1%, while the IT sector  .HSCIIT  rose 0.23%,
the financial sector  .HSNF  ended 0.73% lower and the property
sector rose 0.75%.
    ** The top gainer on the Hang Seng was BYD Co Ltd  1211.HK ,
which gained 6.36%, while the biggest loser was Haidilao
International Holding Ltd  6862.HK , which fell 2.82%.  
    ** The U.S. May CPI data would be a focus next and investors
needed to be very cautious as the Hang Seng index could choose a
direction soon after trading in narrow ranges recently, First
Shanghai Securities said in a report.  
    ** Shares of Chinese food delivery giant Meituan  3690.HK 
closed up 1.6%, snapping a six-session losing streak, on
aggressive hiring spree.  urn:newsml:reuters.com:*:nL2N2NS0H9 
    ** China's central bank governor said inflation was
"basically under control", and monetary policy would be kept
steady, in comments a day after concerns over inflationary
pressures were fanned by data showing the fastest rise in
factory-gate prices in 12 years.  urn:newsml:reuters.com:*:nL2N2NS05F  
    ** Eyes were also on Sino-U.S. relations. 
    ** Top U.S. and Chinese commerce officials spoke by
telephone and agreed to promote healthy trade and cooperate over
differences, China's commerce ministry said on Thursday, the
latest high-level exchange as the countries spar over
disagreements.  urn:newsml:reuters.com:*:nL2N2NS039  
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.46%, while Japan's Nikkei index
 .N225  closed up 0.34%. 

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