China stocks rise as commodities shine; Hong Kong snaps winning streak
By Summer Zhen
HONG KONG, April 11 (Reuters) -China shares rose on Thursday as strong performances in copper and gold miners offset the drag from weak consumer data, while Hong Kong stocks tracked overnight losses in Wall Street.
** At the midday break, the Shanghai Composite index .SSEC was up 0.4% at 3,038.58 points.
** China released worse-than-expected March consumer data on Thursday, maintaining pressure on policymakers to launch more stimulus as demand remains weak.
** Yet a rally in global commodities has lifted the CSI Coal Index .CSI000820 and the A-share Resources Index .CSI000805 by 2% and 1.7%, respectively.
** Hong Kong stocks snapped a three-day winning streak as U.S. sticky inflation numbers diminished rate-cut hopes and dragged down U.S. shares overnight.
** China's blue-chip CSI300 index .CSI300 was flat, with its financial sector sub-index .CSI300FS losing 0.23%, the consumer staples sector .CSI000912 down 0.86%, the real estate index .CSI000952 dropped nearly 1% and the healthcare sub-index .CSI300HC slipped 1.04%.
** Chinese H-shares listed in Hong Kong .HSCE fell 0.7% to 5,974.63, while the Hang Seng Index .HSI was down 0.76% at 17,009.49.
** The smaller Shenzhen index .SZSC was up 0.3%, the start-up board ChiNext Composite index .CNT was weaker by 0.37% and Shanghai's tech-focused STAR50 index .STAR50 was up 0.61%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.53% while Japan's Nikkei index .N225 was down 0.54%.
** The yuan CNY=CFXS was quoted at 7.2361 per U.S. dollar, 0.02% weaker than the previous close of 7.2345.
** The largest percentage gainers in the main Shanghai Composite index were Xiamen XGMA Machinery Co Ltd 600815.SS, up 10.12%, followed by Shaanxi Construction Machinery Co Ltd 600984.SS, gaining 10.06% and Xinjiang Baodi Mining Co Ltd 601121.SS, up by 10.05%.
** The largest percentage losses in the Shanghai index were Sanxiang Advanced Materials Co Ltd 603663.SS, down 10.018%, followed by Dali Pharmaceutical Co Ltd 603963.SS, losing 9.974% and SEC Electric Machinery Co Ltd 603988.SS, down by 9.974%.
** In Hong Kong, the sub-index of the Hang Seng index tracking energy shares .HSCIE rose 1.3%, while the IT sector .HSCIIT fell 0.6%.
Reporting by Summer Zhen; Editing by Sherry Jacob-Phillips
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