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China stocks subdued amid economic woes, global weakness



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Updates to market closing levels

SHANGHAI, July 26 (Reuters) -China stocks closed up slightly on Friday, after four sessions of decline, but overall sentiment remained low as investors worried about a slow economic recovery and lack of big stimulus.

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 close, the Shanghai Composite index .SSEC was up 0.14% at 2,890.90.

** The blue-chip CSI300 index .CSI300 was up 0.29%, with its financial sector sub-index .CSI300FS lower by 0.86%, the consumer staples sector .CSI000912 down 0.27%, the real estate index .CSI000952 up 1.23% and the healthcare sub-index .CSI300HC down 0.14%.

** The Hang Seng index .HSI was up 16.34 points or 0.1% at 17,021.31. The Hang Seng China Enterprises index .HSCE fell 0.1% to 6,010.64.

** For the week, the CSI 300 slumped 4%, while the Hang Seng lost 2.4%.

** The sub-index of the Hang Seng tracking energy shares .HSCIE rose 0.2%, while the IT sector .HSCIIT rose 0.46%, the financial sector .HSNF ended 0.09% higher and the property sector rose 0.04%.

** The smaller Shenzhen index .SZSC ended up 1.43% and the start-up board ChiNext Composite index .CNT was higher by 0.917%.

** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.07%, while Japan's Nikkei index .N225 closed down 0.53%.




Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu

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