Hong Kong stocks rose on Wednesday as stronger-than-expected credit figures in June partially lifted sentiment, though Chinese stocks edged down as investors waited for a bigger stimulus.
The Shanghai Composite Index dipped 0.13% despite upbeat credit data; China’s blue-chip CSI 300 Index were largely flat.
Hang Seng Index advanced 1.15%, and Hang Seng China Enterprises Index gained 1.61%.
China’s new bank loans jumped more than expected in June from the previous month, helped by central bank efforts to support the economy as a post-pandemic recovery fades.
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