Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

China, Hong Kong stocks drop as higher bond yields hit sentiment

03/18/2021 | 11:28pm EDT

* SSEC -1.0%, CSI300 -1.9%, HSI -1.6%

* HK->Shanghai Connect daily quota used -2.9%, Shanghai->HK daily quota used 1.2%

* FTSE China A50 -2.5%+0.0

BEIJING/SHANGHAI, March 19 (Reuters) - Chinese equities dropped on Friday, after a rise in global bond yields prompted selling in high-priced consumer and material stocks as risk sentiment soured. ** At the midday break, the Shanghai Composite index was down 1.04% at 3,426.91 points, while the blue-chip CSI300 index was down 1.9%. ** The consumer staples sector fell 2.44%, the real estate index dropped 2.48% and the materials subindex declined 2.46%. ** Chinese H-shares listed in Hong Kong fell 1.71% to 11,274.59, while the Hang Seng Index was down 1.55% at 28,950.83. ** Yields on U.S. 10-year notes spiked to the highest since early 2020 overnight, dragging down global and Asian equity markets as richly priced tech stocks declined. ** Market sentiment was dented further after China and the United States kicked off a rough bilateral conversation in Alaska on Thursday, with both sides making rare public rebukes https://www.reuters.com/article/us-usa-china-alaska/u-s-china-spar-with-rare-harsh-public-rebukes-in-first-in-person-talks-of-biden-presidency-idUSKBN2BA2A7. ** The smaller Shenzhen index was down 1.22%, the start-up board ChiNext Composite index was weaker by 2.12% and Shanghai's tech-focused STAR50 index was down 0.15%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.42% while Japan's Nikkei index was down 1.70%. (Reporting by Cheng Leng in Beijing, Luoyan Liu and Andrew Galbraith in Shanghai; Editing by Devika Syamnath)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED -3.31% 14.04 End-of-day quote.-38.69%
CHINA FEIHE LIMITED -4.16% 16.58 End-of-day quote.-8.70%
CHINA KINGS RESOURCES GROUP CO.,LTD. -3.23% 28.72 End-of-day quote.26.56%
CNOOC LIMITED -0.25% 8.09 End-of-day quote.12.67%
ENN ENERGY HOLDINGS LIMITED -0.24% 164.8 End-of-day quote.44.82%
HAIDILAO INTERNATIONAL HOLDING LTD. -5.45% 41.65 End-of-day quote.-30.23%
HANG SENG -4.00% 26204.62 Real-time Quote.0.24%
HARBIN CHURIN GROUP JOINTSTOCK CO., LTD. -9.52% 0.38 End-of-day quote.-68.07%
HARBIN GONG DA HIGH-TECH ENTERPRISE DEVELOPMENT CO.,LTD. 9.76% 0.45 End-of-day quote.-61.54%
NIKKEI 225 1.04% 27833.29 Real-time Quote.-0.20%
SHENYANG JINSHAN ENERGY CO., LTD. -1.33% 2.22 End-of-day quote.-20.71%
SICHUAN ROAD & BRIDGE CO., LTD. -1.25% 6.31 End-of-day quote.39.91%
XIAOMI CORPORATION -2.95% 26.35 End-of-day quote.-20.63%
XINJIANG TIANFU ENERGY CO., LTD. -2.92% 6.64 End-of-day quote.30.97%
Latest news "Interest Rates"
04/21Euro zone govt bonds steady before ECB meeting, risk aversion underpins
RE
04/20Australia, NZ dlrs ease from one-month highs, bonds gain
RE
04/20Bonds Reflect Hope That U.S. Recovery Will Spread to Europe -- 2nd Update
DJ
04/20Bonds Reflect Hope That U.S. Recovery Will Spread to Europe -- Update
DJ
04/20Euro zone bond moves contained ahead of ECB
RE
04/20Indonesia c.bank keeps rates at record lows as it trims 2021 GDP outlook
RE
04/20INDONESIA C.BANK GOV : Current rupiah exchange rate, govt bond yields are attractive for investors
RE
04/20Euro zone bond yields continue rise, moves contained ahead of ECB
RE
04/20INDONESIA C.BANK GOV : Will increase use of short term islamic bonds to strengthen shariah monetary operations
RE
04/20Indonesia's central bank keeps interest rates steady
RE
Latest news "Interest Rates"