{"id":32179,"date":"2024-01-03T07:58:58","date_gmt":"2024-01-03T07:58:58","guid":{"rendered":"https:\/\/aveholidays.com\/news\/semiconductor-shares-pull-down-china-stocks-hk-market-closed-2\/"},"modified":"2024-01-03T07:58:58","modified_gmt":"2024-01-03T07:58:58","slug":"semiconductor-shares-pull-down-china-stocks-hk-market-closed-2","status":"publish","type":"news","link":"https:\/\/aveholidays.com\/news\/semiconductor-shares-pull-down-china-stocks-hk-market-closed-2\/","title":{"rendered":"Semiconductor shares pull down China stocks; HK market closed"},"content":{"rendered":"
SHANGHAI, Dec 26 (Reuters) – China stocks finished lower on Tuesday, dragged down by semiconductor shares, while gaming stocks stabilised after a slew of companies announced share buyback plans. The Hong Kong market is closed for a holiday.<\/p>\n
** China’s blue-chip CSI300 Index and the Shanghai Composite Index both closed down 0.7%.<\/p>\n
** Semiconductor and information technology shares led the decline, down 2.4% and 2%, respectively.<\/p>\n
** Hangzhou Changchuan Techonology Co. and Sai Microelectronics Inc. lost 4.1% and 5%, respectively.<\/p>\n
** At least eight China-listed gaming companies, including Perfect World Co, have announced share buyback plans worth as much as 780 million yuan ($109.17 million) in total to boost investor confidence and stabilise share prices across an industry shaken by new regulatory moves.<\/p>\n
** Share prices of those companies mostly stabilised on Monday after sharp declines, with the CSI Anime Comic Game Index still down 1.1%.<\/p>\n
** China’s onshore shares are still searching for a bottom and may cross the inflection point around the Lunar New Year, analysts at Orient Securities said in a note on Tuesday.<\/p>\n
($1 = 7.1449 Chinese yuan renminbi) (Reporting by Shanghai Newsroom; Editing by Mrigank Dhaniwala and Sonia Cheema)<\/p>\n","protected":false},"excerpt":{"rendered":"
SHANGHAI, Dec 26 (Reuters) – China stocks finished lower on Tuesday, dragged down by semiconductor shares, while gaming stocks stabilised after a slew of companies announced share buyback plans. The Hong Kong market is closed for a holiday. ** China’s blue-chip CSI300 Index and the…<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","acf":[],"yoast_head":"\n