China stocks subdued amid economic woes, global weakness
SHANGHAI, July 26 (Reuters) -China stocks were subdued on Friday, weighed down by concerns about a slow economic recovery and lack of big stimulus, while weakness in global markets also weighed on investor sentiment.
Asia-Pacific equity markets remained on the back foot a day after their worst session since mid-April. MKTS/GLOB
China reported weaker-than-expected economic growth earlier this month, while investors were disappointed after a key leadership gathering pointed towards policy continuity rather than any structural shifts.
Concerns about China's economic recovery lingered even after authorities said on Thursday that Beijing would allocate 300 billion yuan ($41.40 billion) in ultra-long treasury bonds to support a programme of equipment upgrades and consumer goods trade-ins.
** At the midday break, the Shanghai Composite index .SSEC was down 0.19% at 2,881.23 points.
** China's blue-chip CSI300 index .CSI300 was not changed, with its financial sector sub-index .CSI300FS lower by 1.38%, the consumer staples sector .CSI000912 down 0.39%, the real estate index .CSI000952 up 0.57% and the healthcare sub-index .CSI300HC down 0.1%.
** Chinese H-shares listed in Hong Kong .HSCE fell 0.07% to 6,012.44, while the Hang Seng Index .HSI was up 0.17% at 17,033.91.
** The smaller Shenzhen index .SZSC was up 1.24%, the start-up board ChiNext Composite index .CNT was higher by 0.99% and Shanghai's tech-focused STAR50 index .STAR50 was up 0.85%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.32%, while Japan's Nikkei index .N225 was up 0.21%.
Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu
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