Hong Kong shares rise on Tencent rebound, easing trade tensions

Want Want China Holdings

17/08/2018 09:54

* Hang Seng index ends up 0.42 pct
China Enterprises index rises 0.33 percent 
HSI financial sector sub-index is flat; property sector down 0.1
percent 

    Aug 17 (Reuters) - Hong Kong shares closed higher on Friday
after five consecutive days of losses, as index heavyweight
Tencent made rebound after its recent battering, and in response
to hopes talks next week between the U.S. and China would ease
trade tensions.

** The Hang Seng index  .HSI  rose 0.4 percent to 27,213.41,
while the China Enterprises Index  .HSCE  gained 0.3 percent to
10,513.83 points.   
 
**The sub-index of the Hang Seng tracking energy shares  .HSCIE 
rose 0.1 percent while the IT sector  .HSCIIT  rose 2.47
percent, the financial sector  .HSNF  was 0.3 percent higher and
property sector dipped 0.12 percent.
 
** Index heavyweight Tencent  0700.HK  rose 3.44 percent after
falling sharply every day this week. Tencent shares are down 8.9
percent for the week.
    
** China and the United States said their governments will hold
lower-level trade talks this month, raising hope of an easing of
tensions in an escalating trade war.  urn:newsml:reuters.com:*:nL4N1V71F9
 
** The top gainer on Hang Seng was Want Want China Holdings Ltd
 0151.HK  up 3.74 percent, while the biggest loser was CSPC
Pharmaceutical Group Ltd  1093.HK  which was down 4.76 percent.
 
** China's main Shanghai Composite index  .SSEC  closed down
1.33 percent at 2,705.1917 points, a 31-month low, while its
blue-chip CSI300 index  .CSI300  ended down 1.45 percent.
 urn:newsml:reuters.com:*:nZZN2RDE0
 
 ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.49 percent while Japan's Nikkei
index  .N225  closed up 0.35 percent.
 
 ** The yuan  CNY=CFXS  was quoted at 6.8763 per U.S. dollar at
08:33 GMT, 0.2 percent firmer than the previous close of 6.89. 
 
** As of the previous trading session, the Hang Seng index was
down 9.42 percent this year, while China's H-share index was
down 10.5 percent. As of the previous close, the Hang Seng has
declined 5.19 percent this month. 
 
** The top gainers among H-shares were China Vanke Co Ltd
 2202.HK  up 4.64 percent, followed by Tencent Holdings Ltd
 0700.HK  gaining 3.44 percent and Guangdong Investment Ltd
 0270.HK  up by 2.64 percent.
 
** The three biggest H-shares percentage decliners were CSPC
Pharmaceutical Group Ltd  1093.HK  which was down 4.76 percent,
CRRC Corp Ltd  1766.HK  which fell 2.45 percent and Anhui Conch
Cement Co Ltd  0914.HK  down by 2.05 percent.
 
** About 1.61 billion Hang Seng index shares were traded,
roughly 93.7 percent of the market's 30-day moving average of
1.71 billion shares a day. The volume traded in the previous
trading session was 2.20 billion.
 
** At the close, China's A-shares were trading at a
premium of 16.37 percent over the Hong Kong-listed H-shares.
 
** The price-to-earnings ratio of the Hang Seng index was 10.4
as of the last full trading day while the dividend yield was 3.5
percent.
 
** So far this week, the market capitalisation of the Hang Seng
index has fallen by -5.00 percent to HK$17.50 trillion.
 
** The short and one-factor leveraged Hang Seng index  .HSISI ,
which is designed to replicate the payoff of a short or
leveraged portfolio and is linked to the movements of the Hang
Seng Index, was lower by 0.43 percent on the day at 5,186.22
points.


 (Reporting by Andrew Galbraith; Editing by Simon Cameron-Moore)
 ((Andrew.Galbraith@tr.com; +86 21 6104 1779; Reuters Messaging:
andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))