Sign up USA
Proactive Investors - Run By Investors For Investors

China mainland markets retreat for second day, Hong Kong rises


Mainland markets retreated for a second day led by auto and property shares. The Shanghai Comprehensive Index lost 0.48 percent to 2753.89, paring the weekly gain to 4.59 percent. The SME Comprehensive Index slid 0.22 percent to 4224.13. 

Hong Kong stocks advanced, led by oil producers. The Hang Seng Index added 0.96 percent to 18679.53, ending the week with a 2.8 percent gain. The Hang Seng Growth Enterprises Index advanced 1.78 percent to 569.91. The Hang Seng China Enterprise Index gained 1.45 percent to 10862.05.

Taiwan's TAIEX Index slid 0.28 percent to 6767.10.

Auto shares lost 2.3 percent on average. SAIC Motor Corporation Limited (SH:600104), China’s largest auto maker, declined 3.76 percent. Changchun FAWAY Automobile Components Co.(SH:600742) lost 4.05 percent.

Property shares declined averagely 1.8 percent. China Vanke Co. (SZ:000002), the nation’s largest listed property developer, declined 1.57 percent. Poly Real Estate Group Co. (SH:600048), the second largest, lost 1.13 percent. Gemdale (SH:600083), the fouth largest, fell 1.57 percent.

PetroChina (SH:601857;HK:0857), the country’s biggest oil producer, advanced 2.96 percent on Hong Kong trading but slid 0.07 percent on Shanghai trading. Cnooc Ltd. (HK:0883), China’s largest offshore oil producer, jumped 4.7 percent.

Aluminum Corporation of China (SH:601600;HK:2600) retreated 2.07 percent on Hong Kong after the rejection of its $19.5 billion investment in Rio Tinto.

Register here to be notified of future ADM-A Company articles
View full ADM-A profile

Archer Daniels Midland Timeline

July 31 2012

Related Articles

December 05 2016
Impetus comes from an oversubscribed funding which is supporting the Africa focussed forestry and farming business.
palm oil kernels
April 10 2017
The palm oil producer has made several moves in the past year that should stand it in good stead this year
Copyright ©, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use