Hong Kong stocks climb on optimism over Sino-U.S. trade deal

Hengan International

02/05/2019 06:14

* * Hang Seng index rises 0.63 pct
* China Enterprises index HSCE edges up 0.01 percent 
* HSI financial sub-index climbs 1.2 pct; property up 0.7 pct

    HONG KONG, May 2 (Reuters) - Hong Kong stocks gained on
Thursday as investors welcomed signs that negotiations to
resolve the U.S.-China trade row were moving to higher levels.
        
** As of midday break, Hong Kong's main Hang Seng index  .HSI 
was up 188.02 points, or 0.63 percent, at 29,887.13, while
China's H-shares index  .HSCE  edged up 0.01 percent to
11,543.41.
    
China markets were closed for Labour Day holiday and will resume
trading on Monday, May 6.
 
** The United States and China are nearing a trade deal that
would roll back a portion of the $250 billion in U.S. tariffs on
Chinese goods, Politico reported on Wednesday after U.S.
Treasury Secretary Steven Mnuchin said the two countries
completed "productive" talks in Beijing.  urn:newsml:reuters.com:*:nL3N22D04T
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  fell 1.3 percent, the IT sector  .HSCIIT  dipped 0.05
percent, while the financial sector  .HSNF  climbed 1.18 percent
and the property sector  .HSNP  rose 0.73 percent.
        
** The top gainer on the Hang Seng was China Mengniu Dairy Co
Ltd  2319.HK , which gained 3.45 percent, while the biggest
loser was Hengan International Group Company Ltd  1044.HK ,
which dropped 2.82 percent.
** The top gainers among H-shares were Huatai Securities Co Ltd
 6886.HK  up 2.17 percent, followed by CITIC Securities Co Ltd
 6030.HK , gaining 1.65 percent and Guangdong Investment Ltd
 0270.HK , up by 1.5 percent.
 
** The three biggest H-shares percentage decliners were
Guangzhou Automobile Group Co Ltd  2238.HK , which dropped 4.15
percent, Dongfeng Motor Group Co Ltd  0489.HK , which fell 3.5
percent and Great Wall Motor Co Ltd  2333.HK , which slipped 3.4
percent.  

 (Reporting by Donny Kwok; Editing by Sherry Jacob-Phillips)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))