Hong Kong stocks hit 3-week low on protest worries, curbed trade hopes

Want Want China Holdings

25/09/2019 09:30

* HK->Shanghai Connect daily quota used -0.2%, Shanghai->HK
daily
quota used 1.9%
    * HSI -1.3%, HSCE -1.0%, CSI300 -0.8%
    * FTSE China A50 -0.3%

    Sept 25 (Reuters) - Hong Kong stocks closed at a three-week
low on Wednesday, after tough words exchanged between Washington
and Beijing dampened hopes for a trade deal.
    ** The Hang Seng index  .HSI  fell 1.3% to end at 25,945.35,
the lowest closing level since Sept. 4, while the China
Enterprises Index  .HSCE  lost 1.0%, to 10,168.78.   
    ** U.S. President Donald Trump delivered a stinging rebuke
to China's trade practices on Tuesday at the United Nations
General Assembly, saying he would not accept a "bad deal" in
U.S.-China trade negotiations.  urn:newsml:reuters.com:*:nL2N26F0WB 
    ** China's top diplomat hit back at U.S. criticism on
Tuesday, saying Beijing had no intention to "play the Game of
Thrones on the world stage" and would respect U.S. interests,
but it would not be threatened on trade or allow interference in
its affairs, including Hong Kong.  urn:newsml:reuters.com:*:nL2N26G02O 
    ** Concerns over the political situation on the city island
lingered. 
    ** Hong Kong leader Carrie Lam said on Tuesday the city's
police force, which has been accused of beating activists and
using excessive force during protests, is under extreme pressure
and acknowledged it will be a "long road" towards healing rifts.
 urn:newsml:reuters.com:*:nL3N26F0L4  
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.95%, while Japan's Nikkei index
 .N225  closed down 0.36%.
    ** The yuan  CNY=CFXS  was quoted at 7.1246 per U.S. dollar
at 0815 GMT, 0.12% weaker than the previous close of 7.116. 
    ** The top gainers among H-shares were China Gas Holdings
Ltd  0384.HK  up 1.69%, followed by ANTA Sports Products Ltd
 2020.HK , gaining 1.25% and Sunac China Holdings Ltd  1918.HK ,
up by 0.64%.
    ** The three biggest H-shares percentage decliners were Byd
Co Ltd  1211.HK , which was down 4.07%, CSPC Pharmaceutical
Group Ltd  1093.HK , which fell 3.94% and Geely Automobile
Holdings Ltd  0175.HK , down by 3.11%.
    ** At close, China's A-shares were trading at a premium of
30.78% over Hong Kong-listed H-shares.

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