AGL 37.91 Decreased By ▼ -0.11 (-0.29%)
AIRLINK 215.50 Increased By ▲ 18.14 (9.19%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.83 Increased By ▲ 0.92 (15.57%)
DCL 9.18 Increased By ▲ 0.36 (4.08%)
DFML 39.00 Increased By ▲ 3.26 (9.12%)
DGKC 100.80 Increased By ▲ 3.94 (4.07%)
FCCL 36.50 Increased By ▲ 1.25 (3.55%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.52 Increased By ▲ 6.97 (5.46%)
HUMNL 13.65 Increased By ▲ 0.15 (1.11%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.39 Increased By ▲ 0.39 (5.57%)
MLCF 46.00 Increased By ▲ 1.30 (2.91%)
NBP 61.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 233.25 Increased By ▲ 18.58 (8.66%)
PAEL 40.75 Increased By ▲ 1.96 (5.05%)
PIBTL 8.57 Increased By ▲ 0.32 (3.88%)
PPL 203.15 Increased By ▲ 10.07 (5.22%)
PRL 41.15 Increased By ▲ 2.49 (6.44%)
PTC 28.38 Increased By ▲ 2.58 (10%)
SEARL 108.40 Increased By ▲ 4.80 (4.63%)
TELE 8.75 Increased By ▲ 0.45 (5.42%)
TOMCL 36.00 Increased By ▲ 1.00 (2.86%)
TPLP 13.80 Increased By ▲ 0.50 (3.76%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.47 Increased By ▲ 1.50 (4.55%)
WTL 1.74 Increased By ▲ 0.14 (8.75%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

HONG KONG: China stocks rose, while Hong Kong shares dipped in choppy trading on Wednesday, as investors remained cautious amid steady lending rates.

China, Hong Kong shares rebound on chip gains, strong earnings

  • At the midday break, the Shanghai Composite index was up 0.55% at 3,364.54 points.

  • China’s blue-chip CSI300 index was up 0.27%, with the consumer staples sector up 0.29% and the healthcare sub-index up 2.45%.

  • Hong Kong’s benchmark Hang Seng Index was down 0.12% at 19,641.05.

  • China’s central bank left benchmark lending rates unchanged at the monthly fixing, after recent rate cuts squeezed banks’ profitability and the yuan comes under fresh pressure with Donald Trump’s imminent return to the White House.

  • The fundamentals have improved following the recent policy supports but haven’t shown significant strength yet. The market rotation among major sectors is likely to stay with no signs of earnings bottoming out, analysts at Sinolink Securities said in a note.

  • Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.08% while Japan’s Nikkei index was down 0.38%.

  • Chinese ADRs fell 0.75% overnight.

  • The yuan was quoted at 7.2418 per US dollar, 0.03% weaker than the previous close of 7.2395.

Comments

200 characters