AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

SHANGHAI: Mainland China stocks ended lower on Tuesday, the first trading day after a long weekend break, with two key indexes sinking to their lowest levels in nearly two months.

Meanwhile, Hong Kong stocks closed at a more than one-week low, weighed down by surprisingly robust US jobs data that sparked a dramatic paring of bets for Federal Reserve rate cuts this year.

China stocks track Asian markets higher

Investors now keenly awaited China’s May credit lending data this week to gauge the health of the broad economy.

A Reuters poll suggested that China’s new yuan loans likely rebounded in May from April as the central bank told lenders to quicken bank lending to support the economy.

  • At the close, the Shanghai Composite index was down 0.76% at 3,028.05 points, the weakest close since April 23.

  • The blue-chip CSI300 index was down 0.87% at 3,542.88 points, the lowest closing level since April 25.

  • The main draggers of the market were the consumer staples sector and the non-ferrous metal industry. They were down 2.35% and 2.54%, respectively, at the close of the market.

  • Losses in the non-ferrous metal industry shares came after the London copper price hit its lowest level in more than five weeks on Monday, amid a firm dollar and constraints in physical demand.

  • The smaller Shenzhen index ended up 0.29% and the start-up board ChiNext Composite index was higher by 0.35%.

  • Semiconductor and semiconductor equipment shares outperformed the market on Tuesday, with a sub-index tracking the sector gaining 4.25% at the end of the session.

  • In Hong Kong, the Hang Seng index was down 190.61 points, or 1.04%, at 18,176.34 points, the lowest close since May 31. The Hang Seng China Enterprises index fell 0.9% to 6,452.06 points.

  • Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.49%, while Japan’s Nikkei index closed up 0.25%.

  • The yuan was quoted at 7.2542 per US dollar at 0809 GMT, 0.09% weaker than the previous close of 7.248. Reuters

Comments

Comments are closed.