Hong Kong stocks end week lower as coronavirus worries re-emerge

Shenzhou International group

12/06/2020 09:40

* HK->Shanghai Connect daily quota used 1.7%, Shanghai->HK
daily
quota used 3.4%
    * HSI -0.7%, HSCE -1.1%, CSI300 +0.2%
    * FTSE China A50 +0.3%

    June 12 (Reuters) - Hong Kong stocks fell on Friday to end
the week lower, tracking losses in other markets amid growing
concerns over a resurgence of coronavirus infections. 
    ** The Hang Seng index  .HSI  fell 0.7%, to 24,301.38, while
the China Enterprises Index  .HSCE  lost 1.1%, to 9,832.53
points. 
    ** For the week, HSI lost 1.9%, while HSCE dropped 2.3%. 
    ** Friday's retreat came after the Wall Street tumbled on
Thursday over increasing concerns that a resurgence of
coronavirus infections could stunt the pace of recovery in
economies reopening from lockdowns. 
    ** "Accelerating the slide since the Thursday Asia session
had however been reports of a surge in virus cases in pockets of
the U.S., triggering fears of a second Covid-19 wave," Jingyi
Pan, market strategist at IG in Singapore, wrote in a note.
    ** At the close of trade, the Hang Seng index  .HSI  was
down 178.77 points, or 0.73%, at 24,301.38. The Hang Seng China
Enterprises index  .HSCE  fell 1.13% to 9,832.53.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dropped 3.4%, while the IT sector  .HSCIIT  dipped
0.18%, the financial sector  .HSNF  ended 0.75% lower and the
property sector dipped 0.15%.
    ** The top gainer on the Hang Seng was Wharf Real Estate
Investment Company Ltd  1997.HK , which gained 2.68%, while the
biggest loser was CNOOC Ltd  0883.HK , which fell 4.64%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 1.02%, while Japan's Nikkei index
 .N225  closed down 0.75%.
    ** The yuan  CNY=CFXS  was quoted at 7.0764 per U.S. dollar
at 08:16 GMT, 0.18% weaker than the previous close of 7.064. 
    ** At close, China's A-shares were trading at a premium of
26.37% over Hong Kong-listed H-shares.

 (Reporting by the Shanghai Newsroom; Editing by Shailesh Kuber)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))