HK Stocks Log Worst Week Since April as Absence of Fresh Stimulus Weighs

Shanghai, June 20 (Reuters) – Hong Kong Stocks Rebounded on Friday but still logged their steepest weekly decline Since April, as the Lack of New Stimulus Measures Measures this Weekheed Weekheed Weekheed Broractor Global tensions surrounding the irran-israel conflict.

The Hong Kong Stock Market Had Witnessed a STEADY Recovery Over Recent Weeks, Rebounding from Losses Trigered by Reciprocal Tariffs Imposed by Us President Donald Trump. The Benchmark Hang Seng Index has Advanced 17% Year-to-Date.

“The lujiazui forum this week offered no measures to boost the capital market, which was a potential lettdown for some investers,” Said Jason Chan, Senior Investment Strategist At Bank of East AST ASIA.

The two-day gathering of top Financial Regulators and Market Participants at the Annual Lujiazui forum Wrapped Up on Thursday, Delivering Few Surprises for Market Participants.

Sentiment is expected to remain weak, with the persisted risk of an escalation in Middle East Tensions Continuing to Cast a Shadow Over Markets, Chan Said.

“The Market Cold Stay Range-Bound in the Short Term.”

China kept its benchmark lending rates unchanged on Friday, as expected, after rolling out sweping monetary Easing Measures Measures Last Month to Support the Economy.

China’s Blue-Chip CSI300 Index Closed 0.1% Higher, While The Shanghai Composite Index Lost 0.1%. Hong Kong Benchmark Hang Seng was up 1.3%.

For the week, the hang seng index was down 1.5%, the biggest Drop Since the Week of April 7, while the CSI300 Index was down 0.5%.

Hong kong’s pullback was also exacerbated by fading interest from mainland investors. Their purchases via the stock connect scheme has Slowed Sharply in Recent Weeks, with Net Buying This Week Amouning to just 16 billion yuan ($ 2.23 billion) – On the 20% of the peak recorded in April.

The CSI Liquor Index Rose 2.2%, Leading Gains Onshore, after the Index Lost 12% This year on weak consumer demand and a government ban on civil servants dining out.

AMID Uncertainties Related to China-HSS FRICTION, Onshore Share Valuations May Be Range-Bound at Low Levels Near Term, UBS Strategist Lei Meng Said in A Note.

“We Expect Limited Downside, and Potential UPSIDE CATALYSTS MAINLY From Stronger Policy Easing, The Continual Entry of Medium or long-term funds and structural reforms,” ​​Meng Sid.

Shares of “Blind Box” TYMAKER POP Mart Dropped Nearly 4% After State Media Outlet People’s Daily Called for Stricter Regulation of the Blind Box Industry, CITING ExPERT VINES. The stock has fallen 13% this week, but sored 165% this year.

($ 1 = 7.1837 chinese yuan)

(Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips)