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China stocks end down as trade war worries linger

Tue 3rd April, 2018 8:28am
* Shanghai stocks lower, blue-chip CSI300 index down
    * Gainers in Shanghai led by Wuhan Yangtze Communication
    * China's A-shares at 23.31 percent premium over H-shares

    SHANGHAI, April 3 (Reuters) - China stocks ended lower on
Tuesday, amid resurgent trade war fears after Beijing unveiled
retaliatory trade measures against the United States.
** At the close, the Shanghai Composite index  .SSEC  was down
0.8 percent at 3,136.63, while the blue-chip CSI300 index
 .CSI300  declined 0.6 percent to 3,862.48. 
 
** The smaller Shenzhen index  .SZSC  ended down 0.78 percent
and the start-up board ChiNext Composite index  .CHINEXTP  was
weaker by 1.46 percent.
** China has increased tariffs by up to 25 percent on 128 U.S.
products, from frozen pork and wine to certain fruits and nuts,
escalating a dispute between the world's biggest economies in
response to U.S. duties on imports of aluminium and steel.
 urn:newsml:reuters.com:*:nL4N1RE0JK 
** Property sector  .CSI300REI  softened as Beijing continued to
fight against property speculators in provincial capitals.
 urn:newsml:reuters.com:*:nL4N1RF3BW 
** Banking firms  .CSI300BI  also sagged as China's banking
regulator was said to inspect large client loans.  urn:newsml:reuters.com:*:nL4N1RG1MV 
** Bucking the broad trend, agriculture-related shares
 .CSI000949  firmed as investors expected those firms to benefit
from Beijing's retaliatory measures, with pork producers
rallying strongly in particular.  urn:newsml:reuters.com:*:nL4N1RG1J2     
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was up 0.18 percent while Japan's Nikkei index
 .N225  closed down 0.45 percent.
 
** At 07:06 GMT, the yuan  CNY=CFXS  was quoted at 6.2853 per
U.S. dollar, 0.07 percent weaker than the previous close of
6.281. 
 
** The largest percentage gainers in the main Shanghai Composite
index were Wuhan Yangtze Communication Industry Group Co Ltd
 600345.SS  up 10 percent, followed by Henan Taloph
Pharmaceutical Stock Co Ltd  600222.SS  gaining 9.92 percent and
Beijing Hualian Hypermarket Co Ltd  600361.SS  up by 8.06
percent.
 
** The largest percentage losers in the Shanghai index were
Taiyuan Lionhead Cement Co Ltd  600539.SS  down 9.99 percent,
followed by Lucky Film Co Ltd  600135.SS  losing 5.85 percent
and Yonyou Network Technology Co Ltd  600588.SS  down by 5.41
percent.
 
** As of 07:07 GMT, China's A-shares were trading at a premium
of 23.31 percent over the Hong Kong-listed H-shares.

 (Reporting by Shanghai Newsroom; Editing by Sunil Nair)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))
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