China stocks end lower; techs gain

Dynagreen Environmental Protection Co

13/08/2018 08:18

* Shanghai stocks lower, blue-chip CSI300 index down
    * Losses in Shanghai stocks led by HNA Infrastructure
Investment
Group Co
    * China's A-shares at 17.09 pct premium over H-shares

    SHANGHAI, Aug 13 (Reuters) - China stocks ended lower on
Monday, but managed to recoup most of their earlier losses aided
by gains in shares of tech firms. 
** The blue-chip CSI300 index  .CSI300  fell 0.4 percent to
3,390.34 points while the Shanghai Composite Index  .SSEC  ended
down 0.3 percent at 2,785.87 points.       
** Both the indexes slumped in early morning trade, tracking a
global selloff, as investors reacted to a renewed rout in the
Turkish lira that dampened risk appetite for emerging markets.
** The lira tumbled on worries over Turkish President Tayyip
Erdogan's increasing control over the economy and deteriorating
relations with the United States.
** Most sectors lost ground for the day, though tech firms
bucked the trend, with the tech heavy start-up board index
 .ChinextP  closing 1.3 percent higher.  
** An index tracking IT firms  .CSIASITI  gained 2 percent, with
more than 10 IT firms closing higher at the maximum allowed
limit of 10 percent.    
** China's leading tech firms have been rallying on hopes of
policy boost from Beijing as the country aims to reduce its
dependence on foreign technology amid trade frictions with the
United States.
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 1.51 percent while Japan's Nikkei
index  .N225  closed down 1.98 percent.
 
** At 07:01 GMT, the yuan  CNY=CFXS  was quoted at 6.8737 per
U.S. dollar, 0.43 percent weaker than the previous close of
6.844. 
 
** The largest percentage gainers in the main Shanghai Composite
index were Shenma Industry Co Ltd  600810.SS , up 10.03 percent,
followed by Dynagreen Environmental Protection Group Co Ltd
 601330.SS , up 10.02 percent and Qibu Corp Ltd  603557.SS , up
10.02 percent.
 
** The largest percentage losers in the Shanghai index were HNA
Infrastructure Investment Group Co Ltd  600515.SS , down 10.04
percent, followed by Ningbo Lehui International Engineering
Equipment Co Ltd  603076.SS , down 9.02 percent and Zhejiang
Three Stars New Materials Co Ltd  603578.SS , down 7.25 percent.
 
** So far this year, the Shanghai stock index is down 15.8
percent and the CSI300 has fallen 15.9 percent while China's
H-share index listed in Hong Kong is down 8.2 percent. Shanghai
stocks have declined 3.13 percent this month. 
** About 12.75 billion shares were traded on the Shanghai
exchange, roughly 91.1 percent of the market's 30-day moving
average of 14.00 billion shares a day. The volume in the
previous trading session was 12.15 billion.
 
** As of 07:02 GMT, China's A-shares were trading at a premium
of 17.09 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.

 (Reporting by Shanghai Newsroom; Editing by Vyas Mohan)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))