* SSEC +0.4, CSI300 +0.2%, HSI -0.07%
* China May PPI +9% y/y, fastest pace in over 12 years
* U.S. Senate passes sweeping bill to address China tech
BEIJING, June 9 (Reuters) - China shares rose on Wednesday,
driven by coal and resource firms, as factory-gate prices rose
at their fastest annual pace indicating that global economic
recovery has picked up pace, but concerns about curbs on
commodity prices capped gains.
** At the midday break, the Shanghai Composite index was
up 0.4% at 3,594.53 and the blue-chip CSI300 index was
** Leading the gains, its sub-index tracking energy
firms including coal minders surged 3.62% while the resource
sector gained 1.46%.
** Consumer staples sector was up 0.73%, the
healthcare sub-index rose 0.52% while the real
estate index was down 0.63%.
** Chinese H-shares listed in Hong Kong fell 0.12% to
10,716.78, while the Hang Seng Index was down 0.07% at
** The smaller Shenzhen index was up 0.38%, the start-up
board ChiNext Composite index was higher by 0.28% and
Shanghai's tech-focused STAR50 index was up 0.98%.
** China's factory gate prices rose at their fastest annual pace
in over 12 years in May, driven by surging commodity prices,
adding to global price pressures at a time when policymakers are
trying to revitalise growth following the COVID-19-induced
** Though China's producer price index (PPI) would likely peak
soon, the worry remained that PPI may hover at an elevated level
for an extended period of time, said Nie Wen, chief economist at
** Chinese policymakers have pledged to take measures to cool
commodity prices and prevent them being passed on to consumers.
** The U.S. Senate passed on Tuesday a sweeping package of
legislation intended to boost the country's ability to compete
with Chinese technology.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.22% while Japan's Nikkei index
was down 0.34%.
** The yuan was quoted at 6.3949 against the dollar,
0.1% firmer than the previous close of 6.401.
(Reporting by Beijing Newsroom; Editing by Rashmi Aich)