Hong Kong stocks slip to end week lower

China Resources Beer Holdings

04/06/2021 09:32

* HK->Shanghai Connect daily quota used 5.4%, Shanghai->HK
daily
quota used 2.6%
    * HSI -0.2%, HSCE -0.2%, CSI300 +0.5%
    * FTSE China A50 +0.7%

    June 4 (Reuters) - Hong Kong stocks dipped on Friday to end
the week lower, in line with other Asian markets, amid worries
over higher inflation and an earlier withdrawal of U.S. Federal
Reserve stimulus.
    ** At the close of trade, the Hang Seng index  .HSI  was
down 47.93 points or 0.17% at 28,918.10. The Hang Seng China
Enterprises index  .HSCE  fell 0.2% to 10,805.64.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 0.3%, while the IT sector  .HSCIIT  dipped
0.91%, the financial sector  .HSNF  ended 0.11% higher and the
property sector dipped 0.32%.
    ** The top gainer on the Hang Seng was Geely Automobile
Holdings Ltd  0175.HK , which gained 6.21%, while the biggest
loser was Haidilao International Holding Ltd  6862.HK , which
fell 6.23%.
    ** For the week, HSI eased 0.7%, while HSCE inched up 0.1%. 
    ** U.S. Treasury yields remained elevated after jumping
overnight, while the dollar also held its biggest gain since
April after better-than-expected employment data raised
expectations for a strong reading for Friday's nonfarm payrolls,
while a measure of service sector activity climbed to a record
high.  urn:newsml:reuters.com:*:nL2N2NK2B8  urn:newsml:reuters.com:*:nN9N2KB01B  
    ** Latest Sino-U.S. tensions also hurt investment sentiment.
    ** U.S. President Joe Biden signed an executive order on
Thursday that bans U.S. entities from investing in dozens of
Chinese companies with alleged ties to the defence or
surveillance technology sectors.  urn:newsml:reuters.com:*:nL2N2NL1VF  
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.26%, while Japan's Nikkei index
 .N225  closed down 0.4%.
    ** The yuan  CNY=CFXS  was quoted at 6.4123 per U.S. dollar
at 0819 GMT, 0.13% weaker than the previous close of 6.404. 
    ** At the close, China's A-shares were trading at a premium
of 37.51% over Hong Kong-listed H-shares.

 (Reporting by the Shanghai Newsroom
Editing by Robert Birsel
)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))