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* SSEC -0.2%, CSI300 -0.2%, HSI -0.9%
* The service sector in China is growing at a slower pace
* China steps up COVID restrictions near Beijing as local infections rise
SHANGHAI, Jan.6 (Reuters) – Chinese stocks slipped on Wednesday, as investors posted profits in consumer stocks after the blue chip index hit a 13-year high in the morning session, while that a resurgence of coronavirus cases in part of the country also feeling subdued. ** At the midday break, China’s blue-chip CSI300 index lost 0.21%, with its consumer staples sector down 0.59%. The financial sector sub-index rose 0.29%, the real estate index rose 0.3% and the health sub-index rose 0.34%.
** The Shanghai Composite Index fell 0.17% to 3,522.72 points. ** Chinese H-shares listed in Hong Kong fell 0.18% to 10,754.81, while the Hang Seng Index fell 0.87% to 27,410.55. ** The smaller Shenzhen index was down 0.9%, the startup board’s ChiNext Composite index was 0.98% lower, and the technology-focused Shanghai STAR50 index was down. decrease of 0.84%. ** Chinese authorities on Wednesday closed sections of freeways crossing Hebei province that surrounds Beijing and closed a key long-distance bus terminal in the provincial capital Shijiazhuang in an attempt to stave off another wave of coronavirus. ** The province, which entered ‘war mode’ on Tuesday, accounted for 20 of the 23 new locally transmitted COVID-19 cases reported in mainland China on Jan.5, more than the province’s total of 19 across the three previous days.
** China’s service sector activity grew at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks dampened the recovery in consumer confidence and weighed on the market. growth of new businesses.
** In the region, the MSCI Asia ex-Japan stock index was firmer by 1.41% while the Japanese Nikkei index was down 0.55%. ** The yuan was listed at 6.4594 to the US dollar, 0.07% weaker than the previous close of 6.455. (Report from the Shanghai press room)
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