China, HK stocks rise as Beijing offers Trump package in trade talks

Anjoy Foods

18/05/2018 05:32

* SSEC +0.3 pct, CSI300 +0.1 pct, HSI +0.2 pct
    * HK->Shanghai Connect daily quota used 1.9 pct
Shanghai->HK daily quota used 1.2 pct
    * China offers Trump package to slash U.S. trade deficit

    SHANGHAI, May 18 (Reuters) - China and Hong Kong stocks rose
slightly on Friday as some investors bet Beijing and Washington
will reach a deal in the latest round of trade talks.
    
** China has offered U.S. President Donald Trump a package of
proposed purchases of American goods and other measures aimed at
reducing the U.S. trade deficit with China by some $200 billion
a year, U.S., officials familiar with the proposal said.
 urn:newsml:reuters.com:*:nL2N1SO0S2
        
** The CSI300 index  .CSI300  rose 0.1 percent to 3,866.39 at
the end of the morning session, while the Shanghai Composite
Index  .SSEC  gained 0.3 percent to 3,162.97. 

** The Hang Seng index  .HSI  added 0.2 percent to 30,995.72,
while the Hong Kong China Enterprises Index  .HSCE  gained 0.4
percent to 12,322.37.
     
** China's CSI300 financial sector sub-index  .CSI300FS  was
higher by 0.31 percent, the consumer staples sector down 0.17
percent, the real estate index up 0.42 percent and healthcare
sub-index down 0.17 percent .
 
** Chinese H-shares listed in Hong Kong  .HSCE  rose 0.36
percent to 12,322.37 while the Hang Seng Index  .HSI  was up
0.17 percent at 30,995.72.
 
** The smaller Shenzhen index  .SZSC  was down 0.42 percent and
the start-up board ChiNext Composite index  .CHINEXTP  was
weaker by 0.8 percent.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.01 percent, while Japan's Nikkei
index  .N225  was up 0.38 percent.
 
** The yuan  CNY=CFXS  was quoted at 6.3689 per U.S. dollar,
0.07 percent weaker than the previous close of 6.3645. 
 
** The largest percentage gainers in the main Shanghai Composite
index were Shandong Huifa Foodstuff Co Ltd  603536.SS  up 10.01
percent, followed by Suzhou Douson Drilling&Production Equipment
Co Ltd  603800.SS  gaining 9.99 percent and Xianhe Co Ltd
 603733.SS  up by 9.89 percent.
 
** The largest percentage losers in the Shanghai index were Xin
Jiang Ready Health Industry Co Ltd  600090.SS  down 9.44
percent, followed by Fujian Anjoy Foods Co Ltd  603345.SS 
losing 6.69 percent and China National Software & Service Co Ltd
 600536.SS  down by 6.68 percent.
 
** The top gainers among H-shares were PetroChina Co Ltd
 0857.HK  up 6.05 percent, followed by China Shenhua Energy Co
Ltd  1088.HK  gaining 5.8 percent and Guangdong Investment Ltd
 0270.HK  up by 4.72 percent.
 
** The three biggest H-shares percentage decliners were Air
China Ltd  0753.HK  which has fallen 4.14 percent, ZhongAn
Online P & C Insurance Co Ltd  6060.HK  which has lost 2.8
percent and Zhuzhou CRRC Times Electric Co Ltd  3898.HK  down by
1.9 percent.
 
** About 6.91 billion shares were traded so far on the Shanghai
exchange, roughly 48.6 percent of the market's 30-day moving
average of 14.21 billion shares. The volume traded was 11.40
billion as of the last full trading day.
 
** As of 04:20 GMT, China's A-shares were trading at a
premium of 21.03 percent over the Hong Kong-listed H-shares.
 
** The Shanghai stock index is below its 50-day moving average
and below its 200-day moving average.
 
** The price-to-earnings ratio of the Shanghai index was 13.56
as of the last full trading day while the dividend yield was 2.3
percent.

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
China stock market graphics suite     http://reut.rs/1NfkoGl
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Samuel Shen and John Ruwitch; Editing by
Gopakumar Warrier)
 ((samuel.shen@tr.com))