China’s equity rates and Hong Kong closed on Monday, guided by real estate and technological actions, since investors evaluated the mixed economic data and cautious remained between geopolitical tensions that have reduced the appetite at risk.
The CSI300 index closed 0.25%, while the SSEC index in Shanghai gained 0.35%. The Hang Seng index, a reference by Hong Kong, increased by 0.7%.
Chinese growth in industrial production has reached a minimum of six months in May, while retail sales gained strength, offering temporary relief to the second largest economy in the world in the midst of fragile truce in their commercial war with the United States.
A prolonged holiday and discounts on E -Commerce platforms started in mid -May must have contributed to increasing consumption during the month, UBS analysts said in a note.
But it is not yet known whether the momentum can be maintained, above all because the effects of the consumer change program begin to disappear and the tariff perspectives remain uncertain “
In the meantime, the Iranian missiles have hit Tel Aviv and the port city of Haifa in Israel on Monday, destroying the houses and limiting the appetite at risk in the markets.
Real estate shares in China and Hong Kong increased by 2.4% and 2.0%, respectively, after a spokesman for the national statistics office said the efforts to stop the decline in the sector were gaining strength.
Artificial intelligence shares in China advanced by 0.9%, while the main technological companies listed in Hong Kong have increased by 1.2%.
. In Tokyo, the Nikkei index has advanced by 1.26%to 38,311 points.
. In Hong Kong, the Hang Seng index increased by 0.70%to 24,060 points.
. In Shanghai, the SSEC index gained 0.35%to 3,388 points.
. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, advanced by 0.25%to 3,873 points.
. In Seoul, the Kosppi index was appreciated by 1.80%, to 2,946 points.
. In Taiwan, the Taiex index recorded a minimum of 0.10%, at 22,049 points.
. In Singapore, the Straits Times index devalued 0.08%to 3,908 points.
. In Sydney the S&P/ASX 200 index advanced by 0.01%to 8,548 points.
Source: Terra
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