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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,037
824hr
Pakistan Cases
1,338,993
5,47224hr
Sindh
509,308
Punjab
455,499
Balochistan
33,744
Islamabad
112,557
KPK
182,619

SHANGHAI: China stocks rose on Monday as analysts flagged chances of policy easing from the central bank's monetary policy report, while Hong Kong shares were weighed down by Meituan ahead of its earnings results.

The CSI300 index rose 0.5% to 4,915.79 by the end of the morning session, while the Shanghai Composite Index gained 0.7% to 3,583.37.

The Hang Seng index dropped 0.4% to 24,962.11. The Hong Kong China Enterprises Index lost 0.4% to 8,937.91.

China stocks close up as new energy shares boost

** China's central bank on Friday said it would keep its prudent monetary policy "flexible and targeted" and strike a balance between economic growth and risk controls.

** Noumra said some changes in the wording of the People's Bank of China's (PBOC) third-quarter monetary policy implementation report represented an official change to the PBOC's policy stance and set the stage for more decisive monetary and credit easing.

** "We expect the chance for an RRR cut to rapidly rise in the next couple of months, but we still view the likelihood of a policy rate cut as quite small," Nomura said in a note.

** The PBOC said it saw risks in the property market generally under control.

** Real estate developers dropped 3.3%, retreating from the previous session's jump fuelled by policy easing bets.

** "We do not yet see a sharp shift in the ongoing property curbs," Nomura said.

** Semiconductors and new energy stocks surged 4.3% and 3.2%, respectively.

** In Hong Kong, food delivery giant Meituan slumped 3.4%, weighing on the Hang Seng Index. Meituan is expected to report its third-quarter earnings results this Friday.

** The Hang Seng Tech Index dropped 0.8%, while consumer staples and healthcare firms lost more than 1.8% each.

** China Resources Beer, ENN Energy, JD.COM and Netease rose on news that they would be added to the Hang Seng Index.

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