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2382 - Sunny Optical Technology Co News Story

HK$170.2 -14.9  -8.1%

Last Trade - 07/05/21

Large Cap
Market Cap £17.31bn
Enterprise Value £16.72bn
Revenue £4.24bn
Position in Universe 101st / 6096

Hong Kong stocks track mainland lower on policy tightening fears ahead of GDP data

Thu 15th April, 2021 9:38am
* HK->Shanghai Connect daily quota used 2.9%, Shanghai->HK
quota used -0.7%
    * HSI -0.4%, HSCE -0.9%, CSI300 -0.6%
    * FTSE China A50 -1.1%

    April 15 (Reuters) - Hong Kong stocks slipped on Thursday,
largely in line with losses on the mainland, as recent upbeat
economic data raised worries over policy tightening. 
    ** At the close of trade, the Hang Seng index  .HSI  was
down 107.69 points or 0.37% at 28,793.14. The Hang Seng China
Enterprises index  .HSCE  fell 0.85% to 10,905.89.
    ** The energy sub-index  .HSCIE  rose 0.5%, while the IT
sector  .HSCIIT  dipped 1.07%. The financial sector  .HSNF 
ended 0.45% lower, while the property sector rose 0.42%.
    ** The top gainer on the Hang Seng was CK Asset Holdings Ltd
 1113.HK , which gained 2.23%, while the biggest loser was
Galaxy Entertainment Group Ltd  0027.HK , which fell 2.43%.
    ** Analysts and traders said China's policy tightening had
begun and more upbeat economic data would reinforce Beijing's
tightening bias.  
    ** China's economy likely grew at a record pace of 19% in
the first quarter, rebounding from a pandemic slump early last
year, a Reuters poll showed.*:nL4N2M81CD 
    ** A series of upbeat data released recently added to signs
of a solidifying recovery in the world's second-largest economy.*:nL1N2M50EF*:nL1N2M2020*:nL4N2M21SO  
    ** Investors need to watch out for China's GDP and other key
economic data due Friday, which could have certain impact on the
Hang Seng index, Guodu Hong Kong analysts noted in a report.  
    ** China's main Shanghai Composite index  .SSEC  closed down
0.52% at 3,398.99 points, while the blue-chip CSI300 index
 .CSI300  ended down 0.64%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.29%, while Japan's Nikkei index
 .N225  closed up 0.07%.
    ** The yuan  CNY=CFXS  was quoted at 6.5338 per U.S. dollar
at 08:19 GMT, 0.05% weaker than the previous close of 6.5305. 
    ** At close, China's A-shares were trading at a premium of
32.16% over Hong Kong-listed H-shares.

 (Reporting by the Shanghai Newsroom; Editing by Rashmi Aich)
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