Hong Kong Stocks Close 0.26% Lower

Hong Kong shares ended 0.26% percent lower Wednesday, tracking losses in Shanghai, after China released data showing the mainland economy grew more than expected in the second quarter of the year.

The benchmark Hang Seng Index lost 65.15 points to 25055.76 on turnover of HK$ 104.63 billion (US$ 13.49 billion).

Shanghai tumbled 3.03 percent.

China’s National Bureau of Statistics revealed that the world’s number two economy grew 7.0 percent year on year in April-June, the same as the previous three months and better than the median forecast of 6.9 percent in an AFP survey of 14 economists.

The data follows a slew of disappointing results that have led to a series of measures — including four interest rate cuts since November — to shore up stumbling growth.

The losses in both markets are the second after they enjoyed a three-day rebound that came in the wake of Beijing’s moves to prevent a crash in Shanghai following a near-month long sell-off by mainland investors.

On Wednesday Shanghai’s benchmark composite index dropped 118.79 points to 3,805.70 on turnover of 700.5 billion yuan ($ 114.6 billion). The index fell as much as 4.67 percent in afternoon trading before trimming losses.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slumped 4.22 percent, or 90.68 points, to 2,058.84 on turnover of 545.5 billion yuan.

The Shanghai index surged more than 150 percent in a year to hit a June 12 peak before plunging more than 30 percent as investors became spooked by factors including high valuations and stricter rules on margin trading.

Source: AFP

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Indeks Saham HK Berakhir Menguat 0.26%, Shangai Composite Lanjutkan Rebound

Pada akhir perdagangan bursa saham Hong Kong ditutup menguat 0.26%, memperpanjang penguatan untuk hari keempat secara berturut-turut terkait harapan segara tercapainya kesepakatan bailout Yunani dengan kreditur. Sementara itu, indeks shanghai composite kembali memperpanjang rebound hari sebelumnya terkait meningkatnya likuiditas.

Indeks Hang Sang menguat 71.51 poin ke level 27,404.97 dengan nilai total transaksi mencapai HK$ 117.04 miliar (US$ 15.10 miliar).

Indeks Shanghai Composite melonjak sebesar 2.48 persen atau 113.66 poin ke level 4,690.15 dengan nilai total transaksi mencapai 815.1 miliar yuan (US$ 133.3 miliar).

Sementara, indeks Shenzhen Composite, bursa saham kedua di China meningkat 1.73 persen atau 48.09 poin ke level 2,822.73 dengan nilai total transaksi mencapai 675.2 miliar yuan. (izr)

Sumber : AFP

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