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China, Hong Kong shares end week lower on Fed rate worries
Friday, September 11, 2026 15:58 WIB
Published on 09/11/2026 at 04:33 am EDT
(Reuters) - China and Hong Kong stocks slipped on Friday and closed the week lower, as low trading volumes and growing expectations of further U.S. interest rate hikes dampened risk sentiment.
* China's blue-chip CSI300 Index closed down 0.8%, while the Shanghai Composite Index lost 1.2% to below 3,900 points. Hong Kong's benchmark Hang Seng was down 0.6%.
* This week, the CSI300 Index fell 0.8%, hitting its lowest level since early April, while the Hang Seng Index fell 3.3%.
* Onshore sentiment has weakened over the past month, after investors took profits from a record-breaking AI-led rally earlier this year. Liquidity has also dried up. This week, daily turnover in onshore shares has hovered near the year's lowest level.
* The tech-focused 50 Index was down as much as 3% to its lowest level since late April.
* Non-ferrous metal shares slumped more than 4%, leading declines onshore, with Zijin Mining Group down 5.4%, as metal prices broadly fell.
* Against broad declines, optical module maker Zhongji Innolight rose 4%.
* Sentiment was also dampened as expectations for a Fed rate hike rose after U.S. producer prices rose in August on higher costs for goods, airline fares and hospital services.
* Tech majors listed in Hong Kong edged down 0.2%.
* Chinese AI chipmaker Shanghai Enflame Technology surged about 180% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912.11 million) in its initial public offering.
($1 = 6.7097 Chinese yuan renminbi)
(Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips and Rashmi Aich)
Sumber : Reuters