Hong Kong stocks fall as energy, financial firms retreat

YTO International Express and Supply Chain Technology

02/09/2020 09:50

* HK->Shanghai Connect daily quota used -9.8%, Shanghai->HK
daily
quota used 4.2%
    * HSI -0.3%, HSCE flat, CSI300 flat
    * FTSE China A50 -0.2%

    BEIJING/SHANGHAI, Sept 2 (Reuters) - Hong Kong stocks ended
lower on Wednesday, weighed down by energy and financial firms.
 
** At the close of trade, the Hang Seng index  .HSI  was down
64.76 points or 0.26% at 25,120.09. The Hang Seng China
Enterprises index  .HSCE  fell 0.12% to 10,000.96.
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 1%, while the IT sector  .HSCIIT  rose 1.98%,
the financial sector  .HSNF  ended 1.01% lower.
 
** The top gainer on the Hang Seng was China Resources Land Ltd
 1109.HK , which gained 5.85%, while the biggest loser was China
Unicom Hong Kong Ltd  0762.HK , which fell 3.21%.
 
** Heavyweight banking shares  .HSCIF  retreated by 0.9%, as
first-half profit falls in some of the biggest lenders continued
to weigh on sentiment.  urn:newsml:reuters.com:*:nL4N2FW0UG
 
** Hong Kong shares of YTO Express (International) Holdings
 6123.HK  surged by 259.3% on Wednesday after Alibaba Group
 BABA.N  said it plans to purchase a 12% stake in the Chinese
courier company for 6.6 billion yuan.  urn:newsml:reuters.com:*:nP8N2FU02C Its Shanghai
shares also jumped by their 10% daily limit.
 
** The U.S. Trade Representative's office said it extended China
tariff exclusions for several goods, including smart watches and
certain medical masks, through the end of 2020, rather than
renewing the previous one-year extensions.  urn:newsml:reuters.com:*:nL1N2FY16S
 
** Some analysts have warned that the current high market
valuations of U.S. shares may lead to profit-taking, and
pressure Hong Kong shares lower.
 
** China's main Shanghai Composite index  .SSEC  closed down
0.17% at 3,404.80 points, while the blue-chip CSI300 index
 .CSI300  ended up 0.04%.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.89%, while Japan's Nikkei index
 .N225  closed up 0.47%.
 
** The yuan  CNY=CFXS  was quoted at 6.8251 per U.S. dollar at
08:08 GMT, 0.04% firmer than the previous close of 6.8275. 
 
 

 (Reporting by the Shanghai Newsroom; Editing by Jacqueline
Wong)