HK-listed Chinese shares near one-month low, offshore yuan weakens on tariff concerns

Reuters
06-02
HK-listed Chinese shares near one-month low, offshore yuan weakens on tariff concerns

Updates prices, adds context

HONG KONG, June 2(Reuters) - Chinese stocks listed in Hong Kong weakened to near a one-month low on Monday and offshore yuan slipped as renewed Sino-U.S. tariff tensions weighed on sentiment.

Concerns over U.S.-China trade tensions flared up again following a fresh spat over tariffs. China's Commerce Ministry rebuked U.S. President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva talks, calling them "groundless," and vowed to take "forceful measures" to safeguard its legitimate rights and interests.

U.S. President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals, Treasury Secretary Scott Bessent said over the weekend.

The Hang Seng China Enterprises Index .HSCE, which tracks mainland companies listed in Hong Kong, tumbled 2.6% to the lowest since May 6, while Hong Kong's benchmark Hang Seng Index .HSI slipped 2.2% to 22,778.45.

The offshore yuan traded at 7.2193 yuan per dollar CNH=, falling about 0.2% in Asian trading hours, while the Hong Kong dollar HKD=D3 continued to hover around weaker side of the 7.75-7.85 per dollar trading band.

Mainland markets are closed for Dragon Boat Festival and will resume trading on Tuesday.

The declines on Monday were across the board, with the Hang Seng Tech Index .HSTECH losing 2.4%, while property subindex .HSNP and healthcare sector .HSCIH both sliding more than 3%.

Among the biggest laggards, local property firm New World Development 0017.HK plunged 7.5% to a fresh two-month low after it deferred coupon payments.

Car makers continued the slide amid ongoing price war concerns. Shares of Li Auto 2015.HK tumbled 4.2%, while BYD 1211.HK and Nio 9866.HK lost more than 3%.

(Reporting by Jiaxing Li in Hong Kong; Editing by Janane Venkatraman and Rashmi Aich)

((jiaxing.li@thomsonreuters.com; +))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10