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 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Hong Kong stocks fall ahead of Powell's testimony

06/22/2021 | 04:37am EDT

* HK->Shanghai Connect daily quota used -0.7%, Shanghai->HK daily quota used 1.8%

* HSI -0.6%, HSCE -0.7%, CSI300 +0.6%

* FTSE China A50 +0.8%

June 22 (Reuters) - Hong Kong stocks closed lower on Tuesday, as weakness in tech stocks offset a jump in energy firms, ahead of highly-anticipated testimony from U.S. Federal Reserve Chair Jerome Powell.

** At the close of trade, the Hang Seng index was down 179.24 points, or 0.63%, at 28,309.76. The Hang Seng China Enterprises index fell 0.74% to 10,469.8.

** The sub-index of the Hang Seng tracking energy shares rose 2.7%, while the IT sector dipped 2.43%, the financial sector ended 0.1% lower and the property sector rose 0.35%.

** The top gainer on the Hang Seng was PetroChina Co Ltd , which gained 5.85%, while the biggest loser was BYD Co Ltd, which fell 4.04%.

** All eyes are on Fed chief Jerome Powell who appears before Congress from 1800 GMT.

** Shares in China's digital currency and blockchain-related firms retreated as Beijing further tightened its grip on cryptocurrency trading.

** China's central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank and Alipay, urging them to crack down harder on cryptocurrency trading.

** Huobi Tech, an affiliate of crypto exchange operator Huobi, tumbled 20%, while digital currency trading platform developer OKG Technology Holdings Ltd slumped 5.4%.

** China's main Shanghai Composite index closed up 0.8% at 3,557.41 points, while the blue-chip CSI300 index ended up 0.62%.

** Around the region, MSCI's Asia ex-Japan stock index was barely changed , while Japan's Nikkei index closed up 3.12%.

** The yuan was quoted at 6.4719 per U.S. dollar at 08:13, 0.1% weaker than the previous close of 6.4653.

** At close, China's A-shares were trading at a premium of 38.69% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom; Editing by Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) 0.00% 4.772461 Delayed Quote.-4.87%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.20% 0.7364 Delayed Quote.-4.07%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) 0.02% 8.901285 Delayed Quote.-0.14%
BRITISH POUND / US DOLLAR (GBP/USD) -0.19% 1.3746 Delayed Quote.0.72%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) 0.05% 5.1604 Delayed Quote.0.46%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.7958 Delayed Quote.1.31%
CSPC PHARMACEUTICAL GROUP LIMITED 1.89% 10.78 End-of-day quote.35.94%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) 0.04% 7.6195 Delayed Quote.-4.44%
EURO / US DOLLAR (EUR/USD) -0.04% 1.1768 Delayed Quote.-3.63%
HANG SENG -1.46% 27295.3 Real-time Quote.0.24%
HUOBI TECHNOLOGY HOLDINGS LIMITED -5.57% 10.52 End-of-day quote.69.95%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.03% 0.087108 Delayed Quote.-2.73%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.04% 0.013441 Delayed Quote.-1.90%
JD HEALTH INTERNATIONAL INC. -2.23% 101 End-of-day quote.-32.67%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.11% 0.697 Delayed Quote.-2.80%
NIKKEI 225 0.58% 27548 Real-time Quote.-0.20%
OKG TECHNOLOGY HOLDINGS LIMITED -6.90% 0.27 End-of-day quote.9.76%
PETROCHINA COMPANY LIMITED -1.50% 3.29 End-of-day quote.37.08%
S&P/CITIC 300 INDEX -0.02% 4570.95 Delayed Quote.-0.49%
S&P/CITIC 50 INDEX -0.04% 4364.87 Delayed Quote.-6.41%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4726 Delayed Quote.-0.34%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.4808 Delayed Quote.-0.84%
XIAOMI CORPORATION -2.95% 26.35 End-of-day quote.-20.63%
Latest news "Economy & Forex"
11:58aAfter six worker deaths at Georgia chicken plant, U.S. issues $1 million in fines
RE
11:48aU.S. to stress need for 'guardrails' in Sherman's talks in China
RE
11:08aMINISTRY OF FINANCE OF REPUBLIC OF INDIA : Income Tax Department conducts searches in Uttar Pradesh
PU
10:45aU.S. to stress need for 'guardrails' in Sherman's talks in China
RE
09:30aIraq in fuel deal with Lebanon to boost its faltering power supply
RE
09:26aVatican reveals property holdings for first time in transparency drive
RE
08:48aLeaders of Uzbekistan and Russia discuss cooperation and regional interaction issues
PU
08:48aGOVERNMENT OF REPUBLIC OF UZBEKISTAN : Presidents of Uzbekistan and Kyrgyzstan hold a phone call
PU
08:47aTESLA : GM, Cruise sue Ford to block use of 'BlueCruise' name for hands-free driving
RE
08:41aVietnam reports record 7,968 coronavirus cases on Saturday
RE
Latest news "Economy & Forex"