Hong Kong Stocks Edge Down as Investors Eye Funding Conditions

Shanghai, June 23 (Reuters) – Hong Kong Shares Were Slightly Down on Monday, as Investors Assessed The Potential for Tighter Cash Supplies and Monitored Tensions in the Middle East for a Likkly Hit to Sentiment. China stocks were mixed.

** China’s Blue-Chip CSI300 Index was down 0.2% by the lunch break, while the Shanghai Composite Index Gained 0.2%. Hong Kong Benchmark Hang Seng was down 0.1%.

** The Hong Kong Dollar Slipped to 7.85 per us dollar on Monday, Hitting The Weak End of its Trading Band for the Second Time Since May 2023. The move may Prompt the Hong Kong Kong Kongerity to Drain Liquidity From the banking system to support the currency.

** Hong Kong Kong Market Liquidity is unlikely to ease further and may even tighten as hong kong kong interbank offred rates (hibor) have likely bottomed out and southbound sleep Liu, Strategist at China International Capital Corporation (cicc).

** The overnight hibor, a key barometer of liquidity, Hovered Near a Record Low at 0.01777%.

** “Short-Term Liquidity Tightening, UncertainTies Surrounding Tariff Negotiations, Weakening Economic Data, and Delays in Policy Support All Contribute to Increased MARKET VOLITITY,” Said.

** Risk Sentiment was further limited as global investors waited to

** China’s Coal Index Rose 1.3%.

** Maritime Shipping and Port Shares broadly rose, with nangjing port up to 10%.

** Hua Hong semi listed in hong kong jumped 7%, after media reported that the us government weighs additions on china, involuding revores that allows that allows access Americans to access axesia Technology in China.

(Reporting by Shanghai Newsroom; Editing by Janane Venkatraman)