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Energy stocks boost Shanghai shares, consumer firms weigh on blue chips

12/15/2021 | 11:57pm EDT

SHANGHAI, Dec 16 (Reuters) - China's main Shanghai stock index edged higher on Thursday but consumer firms weighed on blue chips amid concerns over a resurgence in COVID-19 cases, while weakness in Chinese tech firms dragged Hong Kong's Hang Seng lower.

** At the midday break, the Shanghai Composite index was up 0.28% at 3,657.85, with energy firms providing support. ** China's blue-chip CSI300 index was down 0.07%, with a 4.69% gain in energy shares offset by losses in sectors such as consumer staples, down 1.92% and non-ferrous metals, down 2.35%.

** An index tracking the coal sector surged 6.34% amid a government crackdown on illegal mining that has lifted prices. ** Chinese H-shares listed in Hong Kong fell 1.11% to 8,250.55, while the Hang Seng Index was down 0.81% at 23,231.48.

** The three biggest H-shares percentage decliners were JD.Com Inc, down 4.88%, Shenzhou International Group Holdings Ltd, trading 4.26% lower, and Meituan, dropping 4.14%.

** The sub-index of the Hang Seng index tracking the IT sector fell 2.1%. ** The smaller Shenzhen index was up 0.06%, the start-up board ChiNext Composite index was higher by 0.3% and Shanghai's tech-focused STAR50 index was down 0.22%.

** A-shares of Chinese companies that were reported on Wednesday to be on the verge of being added to U.S. investment and export blacklists rose.

** China's Leon Technology Co finished the morning session up 6.5%, after the company downplayed a report it would be added to the investment blacklist.

** But Semiconductor Manufacturing International Corp (SMIC) ended the morning down 3.42% in Hong Kong. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.10% while Japan's Nikkei index was up 1.87%. ** The yuan was quoted at 6.3672 per U.S. dollar, 0.01% firmer than the previous close of 6.368. (Reporting by Andrew Galbraith; Editing by Rashmi Aich)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.32% 4.717561 Delayed Quote.2.30%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) 0.23% 8.36528 Delayed Quote.-2.70%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) 0.26% 5.2029 Delayed Quote.3.66%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.03% 7.1378 Delayed Quote.-1.64%
HANG SENG 0.29% 20171.27 Delayed Quote.-14.04%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.49% 0.086308 Delayed Quote.0.57%
LEON TECHNOLOGY CO., LTD. -9.50% 10.38 End-of-day quote.-2.35%
MEITUAN INC. 0.06% 159.7 Delayed Quote.-29.19%
NIKKEI 225 -0.26% 26677.8 Real-time Quote.-7.10%
S&P/CITIC 300 INDEX 0.57% 3633.89 Real-time Quote.-19.54%
S&P/CITIC 50 INDEX 0.26% 3466.8 Real-time Quote.-17.59%
SHENZHEN STOCK EXCHANGE A SHARE INDEX 1.17% 2034.68 Real-time Quote.-24.04%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.76% 6.70727 Delayed Quote.4.79%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.57% 6.6897 Delayed Quote.4.67%
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