Hong Kong stocks end lower on coronavirus second wave fears

Guangdong Investment

15/06/2020 09:39

* HK->Shanghai Connect daily quota used -8.8%, Shanghai->HK
daily
quota used 2.5%
    * HSI -2.2%, HSCE -1.8%, CSI300 -1.2%
    * FTSE China A50 -1.8%

    June 15 (Reuters) - Hong Kong stocks dropped on Monday, in
line with broader Asia, as growing concerns about a new wave of
coronavirus infections prompted a selloff in equities. 
    ** At the close of trade, the Hang Seng index  .HSI  was
down 524.43 points, or 2.16%, at 23,776.95. The Hang Seng China
Enterprises index  .HSCE  fell 1.8% to 9,655.83.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 2.1%, while the IT sector  .HSCIIT  dipped
2.19%, the financial sector  .HSNF  dropped 1.97% and the
property sector fell 2.3%.
    ** The top gainer on the Hang Seng was CK Infrastructure
Holdings Ltd  1038.HK , up 0.24%, while the biggest loser was
Techtronic Industries Co Ltd  0669.HK , which fell 4.87%. 
    ** Several districts in Beijing reinstated security
checkpoints, ordered residents be tested and closed schools on
Monday in response to an unexpected resurgence of the
coronavirus in the Chinese capital.  urn:newsml:reuters.com:*:nL4N2DS0X5 
    ** Adding pressure on the market was weaker-than-expected
factory data from the mainland. 
    ** China's factories stepped up production for a second
straight month in May, as the country shook off the economic
torpor of the coronavirus, although the weaker-than-expected
gain suggested the recovery remained fragile.  urn:newsml:reuters.com:*:nL4N2DS0TJ 
    ** Data on Monday also showed sustained contractions in
retail sales and investment, a sign many sectors were still
struggling with the effects of heavy shutdowns across the
world's second-largest economy earlier this year. 
    ** China's main Shanghai Composite index  .SSEC  closed down
1.02% at 2,890.03 points, while the blue-chip CSI300 index
 .CSI300  ended down 1.2%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 2.24%, while Japan's Nikkei index
 .N225  closed down 3.47%.
    ** The yuan  CNY=CFXS  was quoted at 7.0955 per U.S. dollar
at 0818 GMT, 0.14% weaker than the previous close of 7.0859. 
    ** At close, China's A-shares were trading at a premium of
26.22% 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))