Hong Kong shares edge lower as trade war crossfire continues

Hengan International

04/06/2019 09:35

* Hang Seng down 0.5%, H-shares lower by 0.9%
    * Trump to warn UK against Huawei partnership
    * China issues several U.S. warnings to citizens

    HONG KONG, June 4 (Reuters) - The Hong Kong stock market
fell on Tuesday as Beijing and Washington engaged in a war of
words and warnings in their protracted dispute over trade and
technology.
** At close, the Hang Seng index  .HSI  was down 0.5% at
26,761.52. The Hang Seng China Enterprises index  .HSCE  fell
0.9%.
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  eased 0.2%, while the IT sector  .HSCIIT  dipped 2.1%,
the financial sector  .HSNF  ended 0.4% lower and the property
sector  .HSNP  lost 0.1%.
** U.S. President Donald Trump, on a state visit to the UK, is
expected to warn his hosts on Tuesday that security cooperation
with Washington could be hurt if London allows China's Huawei
 HWT.UL  a role in building parts of the 5G network, the next
generation of cellular technology.  urn:newsml:reuters.com:*:nL8N2390QE
** The U.S. government said on Monday that China was pursuing a
"blame game" in recent public statements and a weekend white
paper that misrepresented the trade negotiations between the
world's two largest economies. A Chinese foreign ministry
spokesperson rebuffed on Tuesday.  urn:newsml:reuters.com:*:nL2N23A1Q9 urn:newsml:reuters.com:*:nB9N1PJ04Q
** China's foreign ministry has warned companies operating in
the United States they could face harassment from U.S. law
enforcement agencies, state media reported on Tuesday.
 urn:newsml:reuters.com:*:nB9N22V01E
** A day earlier, China warned students and academics about
risks involved in studying in the United States, pointing to
limits on the duration of visas and visa refusals.  urn:newsml:reuters.com:*:nL4N23A1Y6
** The top gainer on the Hang Seng was WH Group Ltd  0288.HK ,
which gained 2.2%, while the biggest loser was CSPC
Pharmaceutical Group Ltd  1093.HK , which fell 3.8%.
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.3%, while Japan's Nikkei index
 .N225  closed flat.
** The three biggest H-shares percentage decliners were New
China Life Insurance Co Ltd  1336.HK , which was down 4.5%, CSPC
Pharmaceutical Group Ltd  1093.HK , which fell 3.8% and
Sinopharm Group Co Ltd  1099.HK , down by 3%.
** About 1.57 billion Hang Seng index shares were traded. The
volume traded in the previous trading session was 1.77 billion.
** At close, China's A-shares were trading at a premium of
27.51% over Hong Kong-listed H-shares.  .HSCAHPI 
    

 (Reporting by Noah Sin; Editing by Rashmi Aich)
 ((noah.sin@thomsonreuters.com; Reuters Messaging:
noah.sin.thomsonreuters.com@reuters.net))