China stocks snap five-week rising streak amid COVID flare-ups; HK shares up


Source: marketscreener.com marketscreener.com

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July 8 (Reuters) - China stocks ended lower on Friday, snapping a five-week rising streak, as worries over COVID-19 flare-ups and geopolitical tensions outweighed hopes for stimulus from Beijing. Hong Kong shares tracked overnight Wall Street gains. ** Both China's blue-chip CSI300 Index and the Shanghai Composite Index fell 0.3% at the close, reversing early gains, and posting their first weekly loss in six. ** In Hong Kong, the benchmark Hang Seng Index rose 0.4%, but for the week as a whole the index lost 0.6%. ** Morgan Stanley said in a note that sentiment in China shares dropped notably...