China stocks rise after new guidelines; HK shares drop

SenseTime

15/04/2024 05:21

SHANGHAI, April 15 (Reuters) - China stocks had a good
start to the week with major indexes up as investors interpreted
the new guidelines on the country's capital market as a positive
signal for the stock market. Hong Kong shares declined.
    China's securities regulator issued draft rules on Friday to
strengthen the supervision of company listings, delistings and
computer-driven programme trading, in a move to improve the
stock market and protect investors' interests.  
    UBS strategist Lei Meng believes that the updated policies
would fundamentally guide the long-term healthy development of
the capital market, improve the quality of listed companies and
boost market confidence.
** At the midday break, the Shanghai Composite index  .SSEC  was
up 1.21% at 3,055.99 points. 
 
** China's blue-chip CSI300 index  .CSI300  was up 1.9%, with
its financial sector sub-index  .CSI300FS  1.68% higher, the
consumer staples sector  .CSI000912  rose 2.36%, the real estate
index  .CSI000952  advanced 1.01% and the healthcare sub-index
 .CSI300HC  jumped 1.43%.
 
** Chinese H-shares listed in Hong Kong  .HSCE  fell 0.41% to
5,855.59, while the Hang Seng Index  .HSI  was  down 0.73% at 
16,599.34. 
 
** The smaller Shenzhen index  .SZSC  was up 0.26%, the start-up
board ChiNext Composite index  .CNT  was 2.1% higher and
Shanghai's tech-focused STAR50 index  .STAR50  was up 1.91%​.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was 0.85% weaker, while Japan's Nikkei index
 .N225  was down 1.04%.
 
** The yuan  CNY=CFXS  was quoted at 7.2386 per U.S. dollar,
0.02% weaker than the previous close of 7.2372. 
 
** The largest percentage gainers in the main Shanghai Composite
index were Shaanxi Construction Machinery Co Ltd  600984.SS , up
10.13%, followed by Wolong Resources Group Co Ltd  600173.SS ,
gaining 10.07% and  Shanghai Shyndec Pharmaceutical Co Ltd
 600420.SS , up by 10.05%.
    ** The three biggest H-shares percentage decliners were
SenseTime Group Inc  0020.HK , falling 4.55%, Li Ning Co Ltd
 2331.HK , lost 4% and Xpeng Inc  9868.HK  was down 3.74%.
 
 


 (Reporting by Shanghai Newsroom; Editing by Sonia Cheema)
 ((li.gu@tr.com))