Chinese stocks fell slightly on Thursday, dragged down by consumer-related shares, while the technology sector boosted Hong Kong stocks.
At midday, the Shanghai Composite Index was down 0.05 percent at 2,720.40 points.
China’s blue-chip CSI300 index fell 0.14 percent, with its financial sector sub-index up 0.23 percent, the consumer staples sector down 1.47 percent, the property index up 0.2 percent and the healthcare sub-index down 0.7 percent.
Liquor giant Kweichou Moutai fell nearly 2 percent to the lowest level since October 2022.
Domestic demand remains a weak area in the Chinese economy, and investors are looking to a range of economic and activity data, including retail sales and house prices, on Saturday to see if there is any improvement.
China’s Hong Kong-listed H shares rose 0.81 percent to 6,031.11, while the Hang Seng Index rose 0.97 percent to 17,274.72.
Technology stocks rose 1.4 percent to lead gains in Hong Kong, with delivery giant Meituan up 4 percent.
Hong Kong-listed biotech giant Wuxi Apptec rose 7.4 percent after the company announced share buybacks the previous day.
Shenzhen’s smaller index rose 0.08 percent, the ChiNext Composite Index of startups rose 0.32 percent and Shanghai’s technology-focused STAR50 index fell 0.16 percent.
In the region, the MSCI Asia ex-Japan stock index rose 1.45 percent, while Japan’s Nikkei The index rose by 3.13 percent.
The yuan was quoted at 7.1194 per US dollar, little changed from the previous close of 7.1192.
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