China stocks mixed as investors weigh recovery, await policy
SHANGHAI, July 2 (Reuters) -China stocks were a mixed bag on Tuesday, as investors weighed domestic recovery and awaited stimulus signals in the upcoming policy meetings.
The market also tracked weak Asian stocks as the U.S. dollar strengthened, following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency.
A private sector survey on Monday showed China's manufacturing activity grew at the fastest pace in more than three years, while official PMI data released on Sunday showed a decline in manufacturing activity.
Investors awaited the coming Third Plenum this month, which will focus on policies on further deepening reforms and promoting the modernisation of China.
Later in the day, U.S. Federal Reserve Chair Jerome Powell will speak at an event hosted by the European Central Bank, bringing the path for U.S. monetary policy into focus in a week that will see several closely watched employment reports, including Tuesday's JOLTS job openings data, a Fed favourite.
** At the midday break, the Shanghai Composite index .SSEC was up 0.03% at 2,995.78 points.
** China's blue-chip CSI300 index .CSI300 was down 0.09%, with its financial sector sub-index .CSI300FS higher by 0.84%, the consumer staples sector .CSI000912 up 2.03%, the real estate index .CSI000952 down 0.41% and the healthcare sub-index .CSI300HC down 0.75%.
** Chinese H-shares listed in Hong Kong .HSCE rose 0.95% to 6,392.06, while the Hang Seng Index .HSI was up 0.57% at 17,819.50.
** The smaller Shenzhen index .SZSC was down 0.37%, the start-up board ChiNext Composite index .CNT was weaker by 0.69% and Shanghai's tech-focused STAR50 index .STAR50 was down 1.1%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.47% while Japan's Nikkei index .N225 was up 0.61%.
Reporting by Shanghai Newsroom; Editing by Janane Venkatraman
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