Hong Kong stocks post 3rd weekly gain on Sino-U.S. trade deal
20/12/2019 08:36
* HK->Shanghai Connect daily quota used 6.7%, Shanghai->HK
daily
quota used 2.6%
* HSI +0.3%, HSCE +0.4%, CSI300 -0.3%
* FTSE China A50 -0.2%
SHANGHAI, Dec 20 (Reuters) - Hong Kong stocks ended higher
on Friday, recording their third straight weekly gain on easing
trade tensions between Washington and Beijing after they agreed
on a phase one trade deal last week.
** The Hang Seng index .HSI rose 0.3% to 27,871.35, while
the China Enterprises Index .HSCE gained 0.4% to 11,030.23.
** For the week, HSI was up 0.7%, while HSCE added 1.8%.
** U.S. Treasury Secretary Steven Mnuchin said on Thursday
the United States and China would sign their so-called phase one
trade pact at the beginning of January, adding that it was
completely finished and just undergoing a technical "scrub."
urn:newsml:reuters.com:*:nL1N28T0XR
** China on Thursday unveiled a new list of import tariff
exemptions for six chemical and oil products from the United
States, days after the world's two largest economies announced
the initial trade deal. urn:newsml:reuters.com:*:nL4N28T1NH
** Market participants paid close attention to Chinese
President Xi Jinping's remarks on Hong Kong amid anti-government
protests in the Asian financial hub.
** Xi said on Friday China would never allow foreign forces
to interfere with its special regions of Hong Kong and Macau, as
he swore in a new pro-Beijing government for the gambling hub of
Macau. urn:newsml:reuters.com:*:nL4N28T529
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was weaker by 0.03%, while Japan's Nikkei index
.N225 closed down 0.2%.
** The yuan CNY=CFXS was quoted at 7.0108 per U.S. dollar
at 08:19 GMT, 0.01% weaker than the previous close of 7.01.
** At close, China's A-shares were trading at a premium of
26.42% over Hong Kong-listed H-shares.
(Reporting by the Shanghai Newsroom; Editing by Aditya Soni)
((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))