Hong Kong stocks rise as Trump sparks trade deal hopes

Guangdong Investment

06/12/2019 08:59

SHANGHAI, Dec 6 (Reuters) - Hong Kong stocks ended the week
on an upbeat note on Friday, after hopes of an interim
U.S.-China trade deal were renewed by President Donald Trump's
comment that the talks were "moving right along". 
    
** The Hang Seng index  .HSI  rose 1.1% to 26,498.37, while the
China Enterprises Index  .HSCE  gained 0.8% to 10,407.18 points.
    
** Sentiment was also lifted by signs that mainland Chinese
investors had been hunting for bargains in the city, amid
violent street protests and economic gloom that have sliced
valuations. Chinese investors more than doubled their Hong Kong
stocks purchases this year, exchange data shows. 
    
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  closed up 0.1%, the IT sector  .HSCIIT  gained 1.7%,
the financial sector  .HSNF  ended 0.89% higher and the property
sector advanced 1.1%.
 
** The top gainer on the Hang Seng was AAC Technologies Holdings
Inc  2018.HK , which gained 8.97%, while the biggest loser was
Hong Kong and China Gas Co Ltd  0003.HK , which fell 0.27%.
 
** China's main Shanghai Composite index  .SSEC  closed up 0.43%
at 2,912.01 points, while the blue-chip CSI300 index  .CSI300 
ended up 0.59%.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.53%, while Japan's Nikkei index
 .N225  closed up 0.23%.
 
** The yuan  CNY=CFXS  was quoted at 7.0332 per U.S. dollar at
08:26 GMT, 0.16% firmer than the previous close of 7.0444. 
 
** The top gainers among H-shares were Want Want China Holdings
Ltd  0151.HK  up 3.68%, followed by Anhui Conch Cement Co Ltd
 0914.HK , gaining 2.77%, and China Railway Group Ltd  0390.HK ,
up by 2.01%.
 
** The three biggest H-shares percentage decliners were ENN
Energy Holdings Ltd  2688.HK , which was down 1.33%, Guangdong
Investment Ltd  0270.HK , which fell 0.97%, and China Gas
Holdings Ltd  0384.HK , down by 0.85%.
 

 (Reporting by the Shanghai Newsroom; Editing by Sriraj
Kalluvila)
 ((samuel.shen@tr.com))