Hong Kong shares fall ahead of Fed Chairman Powell's testimony

Zhuzhou CRRC Times Electric

27/02/2018 08:09

* HK->Shanghai Connect daily quota used 13.1 pct, 
Shanghai->HK 
Connect saw record net outflows of 2.9 bln yuan  
    * HSI -0.7 pct, HSCE -1.5 pct, CSI300 -1.5 pct 
    * HSI financial sector sub-index 0.6 pct lower; property 
sector 
down 0.9 pct  
 
    Feb 27 (Reuters) - Hong Kong stocks fell from three-week 
highs on Tuesday, as investors took profit ahead of Federal 
Reserve Chairman Jerome Powell's first congressional testimony. 
     
** The southbound leg of the Shanghai-Hong Kong Stock Connect 
 .SQUOTA.HS  saw record net outflows of 2.9 billion yuan  
($459.88 million). 
        
** The Hang Seng index  .HSI  fell 0.7 percent, to 31,268.66, 
while the China Enterprises Index  .HSCE  lost 1.5 percent, to 
12,646.54. 
  
** The sub-index of the Hang Seng tracking energy shares 
 .HSCIE  dipped 0.9 percent while the IT sector  .HSCIIT  fell 
1.32 percent. The financial sector  .HSNF  was 0.61 percent 
lower, while property sector dipped 0.89 percent . 
  
** The top gainer on Hang Seng was AIA Group Ltd  1299.HK , up 
3.72 percent, while the biggest loser was Country Garden 
Holdings Co Ltd  2007.HK , which was down 3.91 percent. 
  
** China's main Shanghai Composite index  .SSEC  closed down 
1.14 percent at 3,329.5737 points while its blue-chip CSI300 
index  .CSI300  ended down 1.45 percent . 
  
 ** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was weaker by 0.21 percent while Japan's Nikkei 
index  .N225  closed up 1.07 percent. 
  
 ** The yuan  CNY=CFXS  was quoted at 6.3075 per U.S. dollar at 
08:30 GMT, 0.04 percent firmer than the previous close of 
6.3103.  
  
** As of the previous trading session, the Hang Seng index was 
up 5.28 percent this year, while China's H-share index was up 
9.6 percent. As of the previous close, the Hang Seng has 
declined 4.22 percent this month.  
  
** The top gainers among H-shares were Huaneng Power 
International Inc  0902.HK  up 3.18 percent, followed by 
Dongfeng Motor Group Co Ltd  0489.HK  gaining 2.42 percent and 
Zhuzhou CRRC Times Electric Co Ltd  3898.HK  up by 1.16 percent. 
  
** The three biggest H-shares percentage decliners were China 
Shenhua Energy Co Ltd  1088.HK  which was down 3.42 percent, 
Anhui Conch Cement Co Ltd  0914.HK  which fell 3.4 percent and 
Air China Ltd  0753.HK  down by 3.3 percent. 
  
** About 2.66 billion Hang Seng index shares were traded, 
roughly 87 percent of the market's 30-day moving average of 3.06 
billion shares a day. The volume traded in the previous trading 
session was 2.09 billion. 
  
** At close, China's A-shares were trading at a 
premium of 27.34 percent over the Hong Kong-listed H-shares. 
  
** The price-to-earnings ratio of the Hang Seng index was 13.87 
as of the last full trading day while the dividend yield was 2.8 
percent. 
 ($1 = 6.3060 Chinese yuan) 
 
 (Reporting by the Shanghai Newsroom; Editing by Gopakumar 
Warrier) 
 ((samuel.shen@tr.com)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE