Jun 18, 2025, 11:26 GMT+7
(Reuters) -China stocks dipped slightly on Wednesday as speeches by top financial regulators at the opening of the annual Lujiazui Forum delivered few fresh policy signals. Hong Kong shares also fell.
** China's blue-chip CSI300 Indexedged down 0.1% by the lunch break, while the Shanghai Composite Indexlost 0.2%. Hong Kong's benchmark index Hang Sengwas down 1.2%.
** China will advance the development of science and technology bonds to support innovation, Wu Qing, chairman of China's Securities Regulatory Commission, told the Lujiazui Forum in Shanghai on Wednesday.
** Meanwhile, the country's foreign exchange regulator vowed to keep the yuan exchange rate basically stable and fend off external shocks and risks.
** With few policy surprises from the forum, investors turned their focus to the upcoming July Politburo meeting for clearer signals on economic support.
** One of the few bright spots onshore were liquor shares, which rebounded for the third straight session, after tumbling to their lowest level since September 2024 after some of China's civil servants were banned from dining out in groups of more than three.
** Risk sentiment remained fragile on Wednesday as Iran and Israel launched fresh missile strikes at each other, extending their air war into a sixth day.
** Hong Kong shares of Chinese electric vehicle (EV) maker Li Autofell nearly 4% to their lowest since May 9.
** Tech majors listed in Hong Kongdropped 1.6%, tracking overnight losses in their U.S.-listed counterparts during the New York session.
Sumber : Reuters
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