July 24, 2024 at 01:10 am EDT
HONG KONG (Reuters) - Chinese stocks struggled for direction on Wednesday as market turned to risk-off mode amid weak economic data and U.S. election risks.
The Shanghai Composite index slipped to below the key 2,900 level in morning trade but ended the midday up 0.1% at 2,918.27 points.
Hong Kong stocks dipped, dragged down by electric vehicle makers following disappointing second quarter results from Tesla . NIO and XPENG fell 3.9% and 4.9% respectively.
** By midday, China's blue-chip CSI300 index was down 0.1%, with its financial sector sub-index lower by 0.21%, the consumer staples sector down 0.37%, the real estate index down 1.48% and the healthcare sub-index down 0.09%.
** Chinese H-shares listed in Hong Kong fell 0.51% to 6,163.37, while the Hang Seng Index was down 0.62% at 17,361.12.
** The smaller Shenzhen index was down 0.22%, the start-up board ChiNext Composite index was weaker by 0.18% and Shanghai's tech-focused

STAR

50 index was down 0.06%.
** Around the region, MSCI 's Asia ex-Japan stock index was weaker by 0.29% while Japan's Nikkei index was down 1.11%.
** The yuan was quoted at 7.2756 per U.S. dollar, 0.01% weaker than the previous close of 7.2747.
(Reporting by Summer Zhen; Editing by Janane Venkatraman )

Sumber : Reuters