China stocks having worst day in 3 months; Hong Kong firm

Kunlun Energy

23/11/2017 04:21

SHANGHAI, Nov 23 (Reuters) - China stocks were on track to 
post their biggest one-day percentage loss in over three months 
on Thursday amid signs of tighter liquidity. But Hong Kong's 
Hang Seng Index  .HSI  remained firm, after climbing above the 
30,000 point-mark on Wednesday for the first time in a decade. 
** At 04:06 GMT, the Shanghai Composite index was down 29.60 
points or 0.86 percent at 3,400.87. 
      
** China's blue-chip CSI300 index  .CSI300  was down 1.38 
percent, with its financial sector sub-index  .CSI300FS  lower 
by 0.48 percent, the consumer staples sector down 3.27 percent, 
the real estate index down 0.73 percent and healthcare sub-index 
down 2.86 percent. 
  
** Chinese H-shares listed in Hong Kong  .HSCE  rose 0.33 
percent at 11,998.62, while the Hang Seng Index  .HSI  was up 
0.07 percent at 30,024.00.  
  
** The smaller Shenzhen index  .SZSC  was down 1.69 percent and 
the start-up board ChiNext Composite index  .CHINEXTP  was 
weaker by 2.02 percent. 
  
** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was firmer by 0.10 percent while Japan's Nikkei 
index  .N225  was up 0.48 percent. 
  
** The yuan  CNY=CFXS  was quoted at 6.5935 per U.S. dollar, 
0.31 percent firmer than the previous close of 6.6142.  
  
** The largest percentage gainers in the main Shanghai Composite 
index were SJEC Corp  601313.SS  up 10 percent, followed by 
Inner Mongolia Eerduosi Resources Co Ltd  600295.SS  gaining 
8.57 percent and Sichuan Western Resources Holding Co Ltd 
 600139.SS  up by 6.3 percent. 
  
** The largest percentage losses in the Shanghai index were 
LONGi Green Energy Technology Co Ltd  601012.SS  down 10 
percent, followed by Tongwei Co Ltd  600438.SS  losing 9.88 
percent and Jiangsu Linyang Energy Co Ltd  601222.SS  down by 
8.98 percent. 
  
** So far this year, the Shanghai stock index is up 10.53 
percent, while China's H-share index is up 27.3 percent. 
Shanghai stocks have risen 1.09 percent this month.  
  
** The top gainers among H-shares were China Minsheng Banking 
Corp Ltd  1988.HK  up 5.08 percent, followed by China Railway 
Construction Corp Ltd  1186.HK  gaining 2.96 percent and Great 
Wall Motor Co Ltd  2333.HK  up by 2.29 percent. 
  
** The three biggest H-shares percentage decliners were Air 
China Ltd  0753.HK  which has fallen 2.04 percent, Byd Co Ltd 
 1211.HK  which has lost 1.9 percent and New China Life 
Insurance Co Ltd  1336.HK  down by 1.7 percent. 
     
** As of 04:06 GMT, China's A-shares were trading at a 
premium of 30.80 percent over the Hong Kong-listed H-shares. 
  
** The Shanghai stock index is above its 50-day moving average 
and above its 200-day moving average. 
  
** The price-to-earnings ratio of the Shanghai index was 15.33 
as of the last full trading day while the dividend yield was 1.9 
percent. 
** In Hong Kong, the sub-index of the Hang Seng index tracking 
energy shares  .HSCIE  rose 1.5 percent while the IT sector 
 .HSCIIT  was flat. The top gainer on Hang Seng was Kunlun 
Energy Co Ltd  0135.HK  up 2.44 percent, while the biggest loser 
was AAC Technologies Holdings Inc  2018.HK  which was down 2.66 
percent. 
 
    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
China stock market graphics suite     http://reut.rs/1NfkoGl 
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> 
 (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