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Shanghai stocks end at 31-month low as healthcare firms slump

Fri 17th August, 2018 8:17am
* Shanghai stocks close lower, blue-chip CSI300 index down
    * Gains in Shanghai stocks led by Zhe Jiang Dong Ri Ltd Co
losses by MeiDu Energy Corp
    * China's A-shares are at a 16.38 percent premium over

    SHANGHAI, Aug 17 (Reuters) - Shanghai stocks closed at a
near 31-month low on Friday, dragged down by a slump in
healthcare firms amid a vaccine scandal fallout, but planned
talks between the United States and China helped ease trade war
** The blue-chip CSI300 index  .CSI300  ended 1.5 percent down
at 3,229.62 points, while the Shanghai Composite Index  .SSEC 
closed down 1.3 percent at 2,668.97 points.  
** Both indexes posted their fifth straight day of losses.      
** For the week, SSEC was down 4.5 percent, while CSI300 5.2
** Sectors retreated across the board on Friday, led by
healthcare firms, with an index tracking the sector  .CSI300HC 
closing down 3.3 percent.  urn:newsml:reuters.com:*:nL4N1V81GX 
** China sacked a senior provincial official and is probing a
former top drug regulator after a safety scandal at vaccine
maker Changsheng Biotechnology Co Ltd, which again warned it
could be delisted over the scandal.  urn:newsml:reuters.com:*:nL4N1V746T 
** China and the United States said their governments will hold
lower-level trade talks this month, raising hope of an easing of
tensions in an escalating trade war.  urn:newsml:reuters.com:*:nL4N1V71F9  
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.36 percent while Japan's Nikkei
index  .N225  closed up 0.35 percent.
** At 0715 GMT, the yuan  CNY=CFXS  was quoted at 6.8887 per
U.S. dollar, 0.02 percent firmer than previous close of 6.89. 
** The largest percentage gainers in the main Shanghai Composite
index were Zhe Jiang Dong Ri Ltd Co  600113.SS , which closed
10.06 percent firmer, followed by Red Avenue New Materials Group
Co Ltd  603650.SS , which ended 10.02 percent higher and Jiangsu
Nanfang Medical Co Ltd  603880.SS , which ended up 9.99 percent.
** The largest percentage losses in the Shanghai index were
MeiDu Energy Corp  600175.SS , which ended down 10.1 percent,
followed by Xiangpiaopiao Food Co Ltd  603711.SS , which closed
10.02 percent lower and Hylink Digital Solution Co Ltd
 603825.SS , which ended down 10.01 percent.
** So far this year, the Shanghai stock index is down 19.3
percent, the CSI300 has fallen 19.9 percent while China's
H-share index listed in Hong Kong is down 10.4 percent. Shanghai
stocks have declined 7.21 percent this month. 
** About 11.24 billion shares were traded on the Shanghai
exchange, roughly 81.5 percent of the market's 30-day moving
average of 13.81 billion shares a day. The volume in the
previous trading session was 12.03 billion.
** As of 0717 GMT, China's A-shares were trading at a premium of
16.38 percent over the Hong Kong-listed H-shares.
** The Shanghai stock index is below its 50-day moving average
and below its 200-day moving average.
** The price-to-earnings ratio of the Shanghai index was 11.78
as of the last full trading day, while the dividend yield was
2.8 percent.

 (Reporting by Shanghai Newsroom, Editing by Sherry
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
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