* HK->Shanghai Join every day quota used -0.9%, Shanghai->HK every day quota used 0%
* HSI -0.4%, HSCE -0.1%, CSI300 +0.9%
* FTSE China A50 +1.2%
Dec 14 (Reuters) – Hong Kong stocks ended decrease on Monday, weighed down by tech corporations after China fined tech gamers for not reporting offers correctly for anti-trust opinions, although prospects of additional coverage assist in Beijing restricted losses.
** The Cling Seng index fell 0.4% to 26,389.52, whereas the China Enterprises Index misplaced 0.1% to 10,443.12 points.
** Falling essentially the most, the Cling Seng IT index shed 1.8%.
** China’s market regulator stated on Monday it fined Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Field 500,000 yuan ($76,464.29). China has vowed to strengthen oversight of its tech giants, citing considerations that they’ve over time managed to construct monopolies that curb competitors.
** Shares of Tencent, Alibaba and China Literature dropped 2.9%, 2.6% and 4.1%, respectively.
** Traders additionally maintained a cautious stance amid Sino-U.S. tensions and on uncertainty over the U.S. Electoral Faculty vote.
** Electors will collect in state capitols throughout the nation on Monday to formally vote for Joe Biden as the subsequent U.S. president, successfully ending President Donald Trump’s frenzied however failing try to overturn his loss within the Nov. three election.
** China on Monday urged the USA to cease abusing state energy to crack down on international corporations, after Nasdaq stated it’ll take away 4 Chinese language corporations’ from indexes in response to a U.S. order.
** Nasdaq stated final week it’ll take away shares of 4 Chinese language building and manufacturing corporations from indexes it maintains in response to a U.S. order proscribing buy of their shares.
** Nonetheless, losses had been restricted by hopes of extra coverage assist from Beijing after Finance Minister Liu Kun stated China will step up fiscal coverage assist for a technique to make its financial system primarily depend on home demand, provide chains and innovation. (Reporting by the Shanghai Newsroom)
