China stocks down, Hong Kong steady on burst of mixed Chinese data
HONG KONG, Nov 15 (Reuters) -China stocks declined while Hong Kong shares edged up on Friday as investors assessed a mixed bag of economic data.
China's blue-chip CSI 300 Index .CSI300 and the Shanghai Composite Index .SSEC each lost 0.4% at midday.
Hong Kong's benchmark Hang Seng Index .HSI was 0.3% higher, snapping a five-day losing streak.
The blue-chip CSI 300 Index .CSI300 has declined 2% this week, on track for its biggest weekly loss in over a month as sentiment soured amid disappointing follow-up stimulus measures from Beijing and concerns over deteriorating Sino-U.S. relations in the wake of Donald Trump's return to the White House.
The CSI 300 Real Estate Index .CSI000952 slid 1.4% and the Hang Seng Mainland Developer Index .HSMPI eased 0.1%, after new home prices in October fell the most year-on-year since 2015.
Fresh economic data released on Friday painted a mixed picture. October industrial output grew 5.3% year-on-year, slowing from the previous month and missing expectations. However, retail sales rose 4.8%, accelerating from September's pace and marking the fastest growth since February.
Market sentiment could stay bumpy near term with downside risk for corporate earnings and a fast-evolving global geopolitical backdrop, Morgan Stanley strategists including Laura Wang said in a note.
Reporting by Hong Kong Newsroom
Editing by Shri Navaratnam
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