HK->Shanghai Connect daily quota used -3%, Shanghai->HK daily quota used -1.8% FTSE China A50 -2.1%
SHANGHAI, Feb 26 (Reuters) - China and Hong Kong stocks fell sharply on Friday, in line with broader markets, as a rout in global bonds sent yields flying and dampened appetite for risky assets.
The CSI300 index was down 2.1% at 5,352.60 points at the end of the morning session, while the Shanghai Composite Index lost 1.8% to 3,519.09 points.
For the week, CSI300 slumped 7.4%, set for its worst week since Oct. 12, 2018, while the SSEC dropped 4.8%.
The Hang Seng index dropped 2.4% to 29,342.49 points, while the Hong Kong China Enterprises Index lost 2.7% to 11,404.68.
China, Hong Kong stocks drop over 2% as bond yields surge
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China, Hong Kong stocks drop over 2% as bond yields surge
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HK->Shanghai Connect daily quota used 4.2%, Shanghai->HK daily quota used 4.7% FTSE China A50 +0.6%
SHANGHAI, Feb 23 (Reuters) - China shares eked out gains on Tuesday, as optimism on economic recovery from the COVID-19 pandemic prompted fresh buying in financials and cyclical stocks, while worries over policy tightening continued to weigh on sectors with lofty valuations. The CSI300 index edged up 0.1% to 5,603.68 points by the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,654.77 points. Leading the gains, the CSI300 banks index rose 2.1%, while the CSI300 cyclical industry index added 0.9%. “The trend of China’s policy tightening is quite evident and definite, though the PBOC would refrain from sudden and fast tightening with an aim to provide stability for the market,” said Zheng Zichun, an analyst with AVIC Securities.