Tencent boosts Hong Kong stocks; Hang Seng ends week lower

Sino Land

21/12/2018 09:28

* Hang Seng index ends up 0.51 pct
    * China Enterprises index HSCE rises 0.1 percent
    * Tencent gains 4.5 pct on reports of game approvals
    * HSI financial sector sub-index is 0.6 percent higher;
property
sector down 1.1 percent 

    SHANGHAI, Dec 21 (Reuters) - Hong Kong's main Hang Seng
index  .HSI  ended Friday firmer, buoyed by tech giant Tencent,
but finished down for the week amid global concerns about
slowing growth, a possible U.S. government shutdown, and higher
interest rates.

** At the close of trade, the Hang Seng index was up 0.51
percent at 25,753.42. It ended the week down 1.3 percent. The
Hang Seng China Enterprises index  .HSCE  added 0.1 percent on
Friday to 10,100.95.
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 1.1 percent, while the IT sector  .HSCIIT  rose
3.44 percent, the financial sector  .HSNF  ended 0.61 percent
higher and the property sector dipped 1.08 percent.
** Shares of Chinese game developers rallied after media reports
of regulatory approvals for some games. Index heavyweight
Tencent Holdings Ltd  0700.HK  added 4.5 percent.
 
** The top gainer on the Hang Seng was Hengan International
Group Company Ltd  1044.HK , which jumped 6 percent, while the
biggest decliner was Sino Land Co Ltd  0083.HK , which fell 2.60
percent.
 
** China's main Shanghai Composite index  .SSEC  closed down
0.79 percent at 2,516.25 points, while the blue-chip CSI300
index  .CSI300  ended down 1.24 percent.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.2 percent, while Japan's Nikkei
index  .N225  closed down 1.11 percent.
 
** The yuan  CNY=CFXS  was quoted at 6.906 per U.S. dollar at
09:11 GMT, 0.33 percent weaker than the previous close of
6.8835.
 
** The top gainers among H-shares were China Tower Corp Ltd
 0788.HK , which was up 7.3 percent, followed by Hengan
International Group Co Ltd  1044.HK , which gained 6 percent and
Tencent Holdings Ltd  0700.HK , up by 4.5 percent.
 
** The three biggest H-shares percentage decliners were Haitong
Securities Co Ltd  6837.HK , which was down 4.35 percent, GF
Securities Co Ltd  1776.HK , which fell 3.9 percent and New
China Life Insurance Co Ltd  1336.HK , down by 3.2 percent.
 
** About 2 billion Hang Seng index shares were traded, roughly
126 percent of the market's 30-day moving average of 1.58
billion shares a day. The volume traded in the previous trading
session was 1.77 billion.

 (Reporting by Andrew Galbraith; Editing by Sai Sachin
Ravikumar)
 ((Andrew.Galbraith@tr.com; +86 21 6104 1779; Reuters Messaging:
andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))