China stocks down pressured by real estate; HK shares up

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Highland Gold Maple making syrup from Cape Breton woods for 25 years | SaltWire #capebreton #mapleSHANGHAI - China stocks fell on Wednesday, dragged by real estate shares, while rating agency Fitch revised its outlook on China to negative. Hong Kong shares were up, led by tech stocks.

Several property developers reported weakening sales in March, suggesting continued pressure for the sector and dragging real estate shares down. ** The Shanghai Composite index retreated 0.34% at 3,038.25 points by the midday break, while the blue-chip CSI 300 index was down 0.43%.** The Shenzhen index was down 1.46%, the startup board ChiNext Composite index weakened 1.87% and Shanghai's tech-focused STAR50 index declined 1.57%​.

 

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