Hong Kong stocks fall as Sino-West tensions weigh

Techtronic Industries Co

15/06/2021 10:48

* HK->Shanghai Connect daily quota used -8.6%, Shanghai->HK
daily
quota used 0.1%
    * HSI -0.7%, HSCE -0.8%, CSI300 -1.1%
    * FTSE China A50 -1.3%

    SHANGHAI, June 15 (Reuters) - Hong Kong stocks closed lower
on Tuesday, tracking weakness in mainland China peers, as
tensions between the West and Beijing deepened after G7 leaders
took the Asian nation to task over a range of issues. 
    ** At the close of trade, the Hang Seng index  .HSI  was
down 203.60 points, or 0.71%, at 28,638.53. The Hang Seng China
Enterprises index  .HSCE  fell 0.76% to 10,668.93.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 1.5%, while the IT sector  .HSCIIT  dipped
0.08%, the financial sector  .HSNF  ended 1.18% lower and the
property sector dipped 1.21%.
    ** The top gainer on the Hang Seng was Geely Automobile
Holdings Ltd  0175.HK , which gained 4.76%, while the biggest
loser was Techtronic Industries Co Ltd  0669.HK , which fell
3.48%.
    ** The G7 leaders on Sunday scolded China over human rights
in the heavily Muslim region of Xinjiang, called for Hong Kong
to keep a high degree of autonomy and underscored the importance
of peace and stability across the Taiwan Strait - all highly
sensitive issues for Beijing. China denounced the joint
statement on Monday, saying it was gross interference in the
country’s internal affairs.  urn:newsml:reuters.com:*:nL2N2NW04X
    ** NATO leaders warned on Monday that China presents
"systemic challenges," taking a forceful stance towards Beijing
in a communique at U.S. President Joe Biden's first summit with
an alliance that former president Donald Trump openly
disparaged.  urn:newsml:reuters.com:*:nL2N2NX06Q 
    ** China's main Shanghai Composite index  .SSEC  closed down
0.92% at 3,556.56 points, while the blue-chip CSI300 index
 .CSI300  ended down 1.11%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.02%, while Japan's Nikkei index
 .N225  closed up 0.96%.
    ** The yuan  CNY=CFXS  was quoted at 6.401 per U.S. dollar
at INVALID FORMAT, 0.05% weaker than the previous close of
6.398. 
    ** At close, China's A-shares were trading at a premium of
38.28% over Hong Kong-listed H-shares.

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