AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,991 Increased By 107 (1.08%)
BR30 31,142 Increased By 542 (1.77%)
KSE100 94,186 Increased By 830.9 (0.89%)
KSE30 29,174 Increased By 242.7 (0.84%)

HONG KONG: China and Hong Kong stocks opened lower on Monday as Beijing’s local government debt relief package fell short of investors’ expectations.

China’s blue-chip CSI300 Index declined nearly 1% at the open, while the Shanghai Composite Index fell 0.6%. Hong Kong’s benchmark Hang Seng Index lost 2%.

China unveiled a 10 trillion yuan ($1.4 trillion) debt package after market close on Friday to ease local government financing strains and stabilise flagging economic growth, but it contained no direct stimulus.

Investors were largely unimpressed and worried it might not be enough to preempt another round of fractious Sino-US tensions and trade barriers.

China stocks end lower as expectations cool for Beijing’s fiscal stimulus

US presidential election winner Donald Trump has vowed to adopt blanket 60% tariffs on US imports of Chinese goods when he returns to the White House.

Offshore-listed China stocks slumped after the debt relief plan was announced on Friday.

The Nasdaq Golden Dragon China Index tumbled 4.7%, while the KraneShares CSI China Internet ETF plunged 6.7%.

Comments

200 characters