China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.

By midday, the CSI300 index of leading Shanghai and Shenzhen A-share listings was down 0.2 percent. The Shanghai Composite fell 0.2 percent to 2,234.61 points, easing from an 8-month high earlier struck earlier in the day.

In Hong Kong, the HSI index edged up 0.1 percent to 24,977.66 points, with the China share sub-component was flat at 11,067.56 points. "The financial and insurance sector has experienced a dramatic increase earlier, helping boost the bullish sentiment in the market. Now they are in a correction period," said Zhang Yanbin, an analyst from Zheshang Securities.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.

Opinions are the authors — not necessarily OANDA’s, its officers or directors. OANDA’s Terms of Use and Privacy Policy apply. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats below 1.0700 as USD rebounds

EUR/USD retreats below 1.0700 as USD rebounds

EUR/USD lost its traction and retreated slightly below 1.0700 in the American session, erasing its daily gains in the process. Following a bearish opening, the US Dollar holds its ground and limits the pair's upside ahead of the Fed policy meeting later this week.

EUR/USD News

USD/JPY recovers toward 157.00 following suspected intervention

USD/JPY recovers toward 157.00 following suspected intervention

USD/JPY recovers ground and trades above 156.50 after sliding to 154.50 on what seemed like a Japanese FX intervention. Later this week, the Federal Reserve's policy decisions and US employment data could trigger the next big action.

USD/JPY News

Gold holds steady above $2,330 to start the week

Gold holds steady above $2,330 to start the week

Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.

Gold News

Week Ahead: Bitcoin could surprise investors this week Premium

Week Ahead: Bitcoin could surprise investors this week

Two main macroeconomic events this week could attempt to sway the crypto markets. Bitcoin (BTC), which showed strength last week, has slipped into a short-term consolidation. 

Read more

Five Fundamentals for the week: Fed fears, Nonfarm Payrolls, Middle East promise an explosive week Premium

Five Fundamentals for the week: Fed fears, Nonfarm Payrolls, Middle East promise an explosive week

Higher inflation is set to push Fed Chair Powell and his colleagues to a hawkish decision. Nonfarm Payrolls are set to rock markets, but the ISM Services PMI released immediately afterward could steal the show.

Read more

Majors

Cryptocurrencies

Signatures