Hong Kong stocks end lower tracking overnight Wall Street rout

Techtronic Industries Co

29/10/2020 09:14

* HK->Shanghai Connect daily quota used 4.1%, Shanghai->HK
daily
quota used 16.6%
    * HSI -0.5%, HSCE -0.1%, CSI300 +0.8%
    * FTSE China A50 +0.7%

    Oct 29 (Reuters) - Hong Kong stocks ended lower on Thursday,
following a rout on the Wall Street overnight, but losses were
capped by gains for IT and industrials. 
    ** At the close of trade, the Hang Seng index  .HSI  was
down 122.20 points, or 0.49%, at 24,586.60. The Hang Seng China
Enterprises index  .HSCE  fell 0.08% to 9,955.46. 
    ** But Hang Seng IT index  .HSCIIT  rose 1.6%, with
bellwether Meituan Dianping  3690.HK  rising 6.1% to a new high.
 
    ** U.S. stocks tumbled on Wednesday, with the Dow closing at
lows last seen in late July, as coronavirus cases soared
globally and investors worried about the possibility of a
contested U.S. presidential election next week.  urn:newsml:reuters.com:*:nL4N2HK1CU 
    ** The top gainer on the Hang Seng was Techtronic Industries
Co Ltd  0669.HK , which gained 2.24%, while the biggest loser
was WH Group Ltd  0288.HK , which fell 5.1%.  
    ** Investors are now taking a wait-and-see attitude ahead of
the U.S. election, KGI Securities noted in a report. 
    ** Democrat Joe Biden would immediately consult with
America's main allies before deciding on the future of U.S.
tariffs on China, seeking "collective leverage" to strengthen
his hand against Beijing if he is elected president, Biden's top
advisers said on Wednesday.  urn:newsml:reuters.com:*:nL1N2HJ39X 
    ** China's main Shanghai Composite index  .SSEC  closed up
0.11% at 3,272.73, while the blue-chip CSI300 index  .CSI300 
ended up 0.75%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.61%, while Japan's Nikkei index
 .N225  closed down 0.37%.
    ** The yuan  CNY=CFXS  was quoted at 6.7104 per U.S. dollar
at 0829 GMT, 0.28% firmer than the previous close of 6.729. 
    ** The top gainers among H-shares were Meituan  3690.HK , up
6.14%, followed by ENN Energy Holdings Ltd  2688.HK , gaining
3.97% and China Resources Beer Holdings Co Ltd  0291.HK , up 
3.26%.

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