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HK & China Equities Mostly Lower, Property Higher On Rate Cut Hopes

ASIA STOCKS

Hong Kong and China equities are mixed today as investors await key economic data due out on Monday for China. Property names rally on and erased most of the weeks losses on Rate Cut hopes. It has been a very quiet week for the region in terms of economic data and market moving headlines, major indices have sold off between 1-5% over the same period as investors concerns grow on the lack of market supporting policy updates.

  • Hong Kong equities are mixed today, with the HSTech Index down 0.91%, real estate indices are trading better with the Mainland Property Index up 2.40%, while the HS Property Index is 0.83% higher, the wider HSI down 0.65%.
  • China onshore equities are mostly lower today, small-cap indices are between 0.30-0.70% lower, while the CSI300 Real Estate Index is up 2.58%, the wider CSI 300 Index is down 0.40%.
  • (MNI) MNI China Press Digest June 14: Sino-EU, Forex, Exports - (See link)
  • Today, Hong Kong PPI & Industrial Production for 1Q is expected at 1830 AEST.

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