China stocks flat on report US could ban another tech firm; Hong Kong up

Techtronic Industries Co

22/05/2019 05:41

* SSEC flat, CSI300 0.1%, HSI 0.2%
    * HK->Shanghai Connect daily quota used -0.9%, Shanghai->HK
daily
quota used 2.5%
    * FTSE China A50 -0.1%

    SHANGHAI, May 22 (Reuters) - China's major stock indexes
were roughly flat on Wednesday morning, as caution prevailed
after a report that the United States could blacklist another
Chinese tech firm. 
    ** The CSI300 index  .CSI300  rose 0.1%, to 3,668.58 points,
at the end of the morning session, while the Shanghai Composite
Index  .SSEC  was unchanged at 2,905.40 points. 
    ** The U.S. administration is considering limits to Chinese
video surveillance firm Hikvision's  002415.SZ  ability to buy
U.S. technology, the New York Times reported on Tuesday, in a
move that deepens worries about trade frictions between the
world's two top economies.  urn:newsml:reuters.com:*:nL2N22Y01P 
    ** That came after the U.S. Commerce Department blocked
Huawei Technologies Co Ltd  HWT.UL  from buying U.S. goods last
week.  urn:newsml:reuters.com:*:nL2N22W19U 
    ** Shares in state-owned Hikvision plummeted as much as 10%
to their lowest since Jan. 4, 2018 after the report.
 urn:newsml:reuters.com:*:nL4N22Y0JO 
    ** The CSI information technology index  .CSIINT , of which
Hikvision is a constituent, was flat by the lunch break. 
    ** Beijing is ready to resume trade talks with Washington,
China's ambassador to the United States Cui Tiankai said, as a
top U.S. business lobby in China said nearly half its members
are seeing non-tariff barrier retaliation in China due to the
trade war.  urn:newsml:reuters.com:*:nL2N22Y010  
    ** In Hong Kong, the Hang Seng index  .HSI  added 0.3%, to
27,739.95 points, while the Hong Kong China Enterprises Index
 .HSCE  gained 0.1%, to 10,647.51.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.17%, while Japan's Nikkei index
 .N225  was up 0.21%.
    ** The yuan  CNY=CFXS  was quoted at 6.9095 per U.S. dollar,
0.1% weaker than the previous close of 6.9028. 
    ** The largest percentage gainers in the main Shanghai
Composite index were NINGBO BIRD Co Ltd  600130.SS , up 10.05%,
followed by Shanghai Wondertek Software Co Ltd  603189.SS ,
gaining 10.02%, and Hunan Copote Science Technology Co Ltd
 600476.SS , up by 10.01%.
    ** The largest percentage losers in the Shanghai index were
Elion Energy Co Ltd  600277.SS , down 10.01%, followed by
ZHEJIANG DIBAY ELECTRIC Co Ltd  603320.SS , losing 9.98%, and
Yuancheng Environment Co Ltd  603388.SS , down by 5.94%.
    ** So far this year, the Shanghai stock index is up 16.52%,
while China's H-share index is up 5.0%. Shanghai stocks have
declined 5.6% this month. 
    ** The top gainers among H-shares were China Tower Corp Ltd
 0788.HK , up 2.82%, followed by Air China Ltd  0753.HK ,
gaining 2.77%, and Huatai Securities Co Ltd  6886.HK , up by
2.1%.
    ** The three biggest H-shares percentage decliners were
Shenzhou International Group Holdings Ltd  2313.HK , which has
fallen 2.59%, CRRC Corp Ltd  1766.HK , which has lost 1.5% and
China Cinda Asset Management Co Ltd  1359.HK , down by 1.0%.
    ** As of 04:22 GMT, China's A-shares were trading at a
premium of 24.20% over the Hong Kong-listed H-shares.

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China stock market graphics suite     http://reut.rs/1NfkoGl
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 (Reporting by Luoyan Liu and John Ruwitch; Editing by
Subhranshu Sahu)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))