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Hong Kong stocks fall as commodity sector drags on price curb fears

Hong Kong stocks fall as commodity sector drags on price curb fears
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Hong Kong stocks fall as commodity sector drags on price curb fears

Article content Yan said Bitcoin mining has consumed too much of China’s resources, including coal, at a time when Beijing seeks carbon neutrality. Despite the weakness, mainland investors continued their buying, purchasing a net 4.5 billion yuan ($698.94 million) worth of Hong Kong shares on Thursday, according to Refinitiv data. Shares of China’s e-commerce co JD.com Inc rose as much as 4.1% to HK$281.80, their highest since May 12 as first-quarter revenue topped estimates. On the mainland, the CSI300 index was unchanged at 5,174.50 points at the end of the morning session, while the Shanghai Composite Index lost 0.3% to 3,500.86 points. The CSI300 energy and the CSI A-share resource industries index dropped 2.6% and 3.1%, respectively. ($1 = 6.4383 Chinese yuan renminbi) (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Devika Syamnath)

China stocks end mixed, resources losses offset gains in financials

Article content SHANGHAI China stocks ended mixed on Thursday, as gains in financial firms offset losses in resources companies after Beijing vowed to stabilize commodities prices. The blue-chip CSI300 index rose 0.3%, to 5,186.41, while the Shanghai Composite Index dipped 0.1% to 3,506.94. We apologize, but this video has failed to load. Try refreshing your browser, or China stocks end mixed, resources losses offset gains in financials Back to video The CSI300 energy index and the CSI A-share resource industries index were among the worst performing sectors, closing down 3.2% and 3.3%, respectively. Yanzhou Coal Mining Co Ltd, Jiangxi Copper Co Ltd and Zijin Mining Group Co Ltd shed between 4.3% and 8.1%.

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