HK stocks ease as worries on economy, trade war persist

Techtronic Industries Co

27/05/2019 10:10

* Hang Seng index ends 0.24% lower
    * China Enterprises index  .HSCE  falls 0.41% 
    * HSI financial sector sub-index flat; property index down
0.2%

    HONG KONG, May 27 (Reuters) - Hong Kong stocks eased on
Monday, as investors stayed on the sidelines awaiting hints of
further policy support to offset impacts of U.S.-China trade war
and cooling domestic demand, amid worries about the economy.
 
** At the close of trade, the Hang Seng index  .HSI  was down
65.84 points, or 0.24%, at 27,288.09. The Hang Seng China
Enterprises index  .HSCE  fell 0.41% to 10,402.76.
  
** The biggest loser on the Hang Seng was Want Want China
Holdings Ltd  0151.HK , which fell 2.41%, while the top gainer
was Sino Biopharmaceutical Ltd  1177.HK , rising 6.93%.
     
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 0.6%, while the IT sector  .HSCIIT  dipped
0.16%, the financial sector  .HSNF  ended 0.04% lower and the
property sector dipped 0.21%.
        
** China's main Shanghai Composite index  .SSEC  closed up 1.38%
at 2,892.38, while the blue-chip CSI300 index  .CSI300  ended up
1.2%.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.08%, while Japan's Nikkei index
 .N225  closed up 0.31%.
 
** The yuan  CNY=CFXS  was quoted at 6.8956 per U.S. dollar at
08:12 GMT, 0.07% firmer than the previous close of 6.9005. 
 
** The top gainers among H-shares were China Tower Corp Ltd
 0788.HK  up 4.17%, followed by Huaneng Power International Inc
 0902.HK , gaining 4.12% and CGN Power Co Ltd  1816.HK , up by
3.4%.
 
** The three biggest H-shares percentage decliners were Hengan
International Group Company Ltd  1044.HK , which was down 1.73%,
PICC Property and Casualty Co Ltd  2328.HK , which fell 1.6% and
China Telecom Corp Ltd  0728.HK , down by 1.5%.
 
** About 1.30 billion Hang Seng index shares were traded,
roughly 72.9% of the market's 30-day moving average of 1.79
billion shares a day. The volume traded in the previous trading
session was 1.73 billion.
 
** At close, China's A-shares were trading at a premium of
26.91% over Hong Kong-listed H-shares.
  

 (Reporting by Donny Kwok; Editing by Rashmi Aich)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))