AIRLINK 61.90 Increased By ▲ 0.30 (0.49%)
BOP 6.32 Increased By ▲ 0.06 (0.96%)
CNERGY 4.09 Decreased By ▼ -0.04 (-0.97%)
DFML 15.85 Decreased By ▼ -0.35 (-2.16%)
DGKC 68.80 Increased By ▲ 1.15 (1.7%)
FCCL 17.97 Increased By ▲ 0.06 (0.34%)
FFBL 25.62 Increased By ▲ 0.02 (0.08%)
FFL 9.22 Decreased By ▼ -0.04 (-0.43%)
GGL 9.97 Decreased By ▼ -0.08 (-0.8%)
HBL 115.15 Increased By ▲ 0.35 (0.3%)
HUBC 112.30 Decreased By ▼ -0.20 (-0.18%)
HUMNL 6.56 Decreased By ▼ -0.09 (-1.35%)
KEL 4.56 Increased By ▲ 0.10 (2.24%)
KOSM 4.57 Increased By ▲ 0.02 (0.44%)
MLCF 38.20 Increased By ▲ 0.19 (0.5%)
OGDC 122.90 Decreased By ▼ -2.71 (-2.16%)
PAEL 22.05 Decreased By ▼ -0.47 (-2.09%)
PIAA 11.03 Decreased By ▼ -0.05 (-0.45%)
PIBTL 6.54 Increased By ▲ 0.07 (1.08%)
PPL 106.81 Decreased By ▼ -1.59 (-1.47%)
PRL 27.65 Decreased By ▼ -0.40 (-1.43%)
PTC 10.68 Decreased By ▼ -0.12 (-1.11%)
SEARL 52.35 Decreased By ▼ -0.45 (-0.85%)
SNGP 67.11 Increased By ▲ 0.31 (0.46%)
SSGC 11.45 Increased By ▲ 0.04 (0.35%)
TELE 7.15 Decreased By ▼ -0.05 (-0.69%)
TPLP 11.54 Decreased By ▼ -0.40 (-3.35%)
TRG 76.89 Decreased By ▼ -0.91 (-1.17%)
UNITY 21.34 Decreased By ▼ -0.35 (-1.61%)
WTL 1.28 Decreased By ▼ -0.04 (-3.03%)
BR100 6,494 Decreased By -5.3 (-0.08%)
BR30 22,161 Decreased By -105.7 (-0.47%)
KSE100 63,350 Increased By 44 (0.07%)
KSE30 21,320 Increased By 24 (0.11%)

SHANGHAI: China and Hong Kong stocks ended largely flat on Thursday, with auto stocks trimming losses after the European Union’s anti-subsidy probe, while investors continued to look for policy measures and signs of economic recovery.

China’s blue-chip CSI 300 Index and the Shanghai Composite Index closed roughly flat, while Hong Kong’s benchmark Hang Seng Index edged up 0.2%.

EU Commission chief Ursula von der Leyen announced an anti-subsidy probe into Chinese electric vehicles (EV) on Wednesday, and declared Europe will do “whatever it takes to keep its competitive edge” at the European Parliament.

China’s automobile index was down as much as 2.0% in early trade, but pared losses quickly and closed down 0.6%.

EV maker BYD, which has sales exposure in Europe, slid 3.1%.

Seres Group, Huawei’s carmaking partner, rose to a maximum of 10%.

China’s central bank will boost demand and support a modest rebound in prices, a publication run by the People’s Bank of China (PBOC) said on Wednesday, citing an unnamed senior central bank official.

A slew of measures announced by authorities to shore up China’s economy have resulted in some nascent signs of effectiveness.

Comments

Comments are closed.