China, Hong Kong stocks dip ahead of China May data

lunes 6 de junio de 2016 01:02 GYT
 

* CSI300 -0.1 pct; SSEC: flat; HSI -0.2 pct

* May data may show China economy steadying but not picking up

* Investors cautious ahead of U.S. rate decision, Brexit vote

SHANGHAI, June 6 (Reuters) - Stocks in China and Hong Kong edged lower on Monday, bucking modest regional weakness, as investors await a flurry of data in coming weeks to assess the health of the Chinese economy.

A disappointing U.S. jobs report on Friday has also raised anxiety over the state of the U.S. economy and the Federal Reserve's ability to raise interest rates in coming months, while markets are bracing for Britain's June 23 vote on whether to remain in the EU.

But growing expectations that MSCI will include Chinese shares into its emerging market index have lent some support to the market.

China's blue-chip CSI300 index dipped 0.1 percent to 3,185.01 points by the lunch break, while the Shanghai Composite Index was unchanged at 2,937.39 points.

Hong Kong shares were also slightly soft, with both the Hang Seng index and the Hong Kong China Enterprises Index down 0.2 percent.

"In the coming week, the market will focus on May's credit and economic data," wrote Gao Ting, head of China strategy at UBS Securities.   Continuación...