China, Hong Kong stocks fall on caution after N.Korea missile test

Hang Lung Properties

29/11/2017 04:23

SHANGHAI, Nov 29 (Reuters) - China and Hong Kong shares fell 
on Wednesday despite gains on Wall Street, with investors' risk 
appetite curbed by North Korea's latest missile test. 
** At 04:08 GMT, the Shanghai Composite index was down 16.19 
points or 0.49 percent at 3,317.47. 
     
  
** China's blue-chip CSI300 index  .CSI300  was down 0.89 
percent, with its financial sector sub-index  .CSI300FS  lower 
by 0.54 percent, the consumer staples sector down 2.34 percent, 
the real estate index up 1.67 percent and healthcare sub-index 
down 1.51 percent. 
     
  
** Chinese H-shares listed in Hong Kong  .HSCE  fell 0.6 percent 
at 11,635.6, while the Hang Seng Index  .HSI  was down 0.36 
percent at 29,574.82.  
     
**  China's economy is still facing relatively large downward 
risks that may become apparent by early 2018, a senior official 
of the banking regulator said on Wednesday. Yu Xuejun, head of 
the China Banking Regulatory Commission's regulatory board for 
key state-owned financial institutions, said during a event 
hosted by Caijing that China's economic stimulus measures have 
been overly strong, resulting in asset bubbles. 
     
      
** The smaller Shenzhen index  .SZSC  was down 0.8 percent and 
the start-up board ChiNext Composite index  .CHINEXTP  was 
weaker by 0.86 percent. 
     
  
** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was weaker by 0.11 percent while Japan's Nikkei 
index  .N225  was up 0.30 percent. 
     
  
** The yuan  CNY=CFXS  was quoted at 6.6012 per U.S. dollar, 
0.06 percent firmer than the previous close of 6.6054.  
     
  
** The largest percentage gainers in the main Shanghai Composite 
index were SJEC Corp  601313.SS  up 10 percent, followed by 
Anyang Iron & Steel Inc  600569.SS  gaining 9.34 percent and ENN 
Ecological Holdings Co Ltd  600803.SS  up by 8.4 percent. 
     
  
** The largest percentage losses in the Shanghai index were 
Zhejiang Hisun Pharmaceutical Co Ltd  600267.SS  down 6.12 
percent, followed by Bright Dairy and Food Co Ltd  600597.SS  
losing 4.25 percent and Mayinglong Pharmaceutical Group Co Ltd 
 600993.SS  down by 4.22 percent. 
     
  
** So far this year, the Shanghai stock index is up 7.41 
percent, while China's H-share index is up 24.6 percent. 
Shanghai stocks have declined 1.76 percent this month.  
     
  
** The top gainers among H-shares were Anhui Conch Cement Co Ltd 
 0914.HK  up 2.71 percent, followed by Air China Ltd  0753.HK  
gaining 1.07 percent and China Merchants Bank Co Ltd  3968.HK  
up by 0.97 percent. 
     
  
** The three biggest H-shares percentage decliners were Zhuzhou 
CRRC Times Electric Co Ltd  3898.HK  which has fallen 2.29 
percent, Great Wall Motor Co Ltd  2333.HK  which has lost 2.1 
percent and China Galaxy Securities Co Ltd  6881.HK  down by 1.8 
percent. 
     
  
** As of 04:08 GMT, China's A-shares were trading at a premium 
of 29.91 percent over the Hong Kong-listed H-shares. 
     
  
** The price-to-earnings ratio of the Shanghai index was 14.89 
as of the last full trading day while the dividend yield was 1.9 
percent. 
     
  
** In Hong Kong, the sub-index for shares in the IT sector 
 .HSCIIT  fell 1.3 percent. The top gainer on the Hang Seng was 
Hang Lung Properties Ltd  0101.HK  up 2.26 percent, while the 
biggest loser was AAC Technologies Holdings Inc  2018.HK  which 
was down 2.15 percent. 
   
 
 
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China stock market graphics suite     http://reut.rs/1NfkoGl 
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 (Reporting by Shanghai Newsroom; Editing by Kim Coghill) 
 ((samuel.shen@thomsonreuters.com;  +86 21 6104 1789; Reuters 
Messaging: samuel.shen.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA STOCKS/MIDDAY