Shanghai stocks set to break 6-week losing streak; Hong Kong edges up

viernes 3 de junio de 2016 01:00 GYT
 

* CSI300: +0.2 pct; SSEC: flat; HSI: 0.3 pct

* Investors closely watch U.S. monetary policy, Brexit

* Shanghai index poised to break six-week losing streak

SHANGHAI, June 3 (Reuters) - Shanghai stocks looked set to snap a six-week losing streak on Friday, helped by growing expectations that MSCI will add Chinese shares to its index later this month and revive foreign interest in the struggling mainland market.

But gains were capped on Friday by worries about the slowing economy and downward pressure on the yuan currency.

Investors in Hong Kong have also been cautious, as they remain fixated on the possibility of a U.S. rate hike as early as this month or next, while anxiously awaiting Britain's referendum on June 23 on whether to remain in the European Union.

China's blue-chip CSI300 index rose 0.2 percent to 3,174.83 points by lunch break, while the Shanghai Composite Index was unchanged at 2,924.53 points.

Both indexes looked set to rise roughly 3.7 percent for the week.

Hong Kong stocks edged up slightly, with the Hang Seng index and the Hong Kong China Enterprises Index both up 0.3 percent.   Continuación...