China, HK stocks rise, led by property shares

Yantai North Andre Juice Co

29/04/2024 05:34

SHANGHAI, April 29 (Reuters) - China and Hong Kong
stocks rose on Monday, led by real estate shares, as some major
cities relaxed home purchase restrictions over the weekend and
as market expectations for more easing measures rose.
    Chinese property developers traded in China  .CSI000952  and
Hong Kong  .HSMPI  jumped 6.9% and 4.3%, respectively, by midday
on Monday.
   Meanwhile, China's industrial profits fell in March compared
to the first two months and slowed gains for the quarter,
official data showed on Saturday, raising doubts about the
strength of the recovery in the world's second-biggest economy.
    
** At the midday break, the Shanghai Composite index  .SSEC  was
up 0.8% at 3,113.29 points. 
 
** China's blue-chip CSI300 index  .CSI300  was up 1.4%, with
its financial sector sub-index  .CSI300FS  higher by 1.65%, the
consumer staples sector  .CSI000912  up 1.02%, the real estate
index  .CSI000952  up 6.93% and the healthcare sub-index
 .CSI300HC  up 2.74%.
 
** Chinese H-shares listed in Hong Kong  .HSCE  rose 0.9% to
6,326.49, while the Hang Seng Index  .HSI  was up 1.29% at
17,878.13. 
 
** The smaller Shenzhen index  .SZSC  was up 2.08%, the start-up
board ChiNext Composite index  .CNT  was higher by 3.6% and
Shanghai's tech-focused STAR50 index  .STAR50  was up 3.09%​.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.94% while Japan's Nikkei index
 .N225  was up 0.81%.
 
** The yuan  CNY=CFXS  was quoted at 7.2449 per U.S. dollar,
0.02% firmer than the previous close of 7.2465. 
 
** The largest percentage gainers in the main Shanghai Composite
index were Guangdong Fangyuan New Materials Group Co Ltd
 688148.SS , up 18.25%, followed by Shenzhen Qingyi Photomask
Ltd  688138.SS , gaining 15.73% and Wuhan Citms Technology Co
Ltd  688038.SS , up by 14.94%.
 
** The top gainers among H-shares were Longfor Group Holdings
Ltd  0960.HK , up 8.36%, followed by JD Health International Inc
 6618.HK , gaining 5.64% and Xpeng Inc  9868.HK , up by 4.95%.
 

 (Reporting by Shanghai Newsroom; Editing by Janane Venkatraman
)
 ((li.gu@tr.com))