Hong Kong stocks end higher as Sino-U.S. trade war fears ease

Zhuzhou CRRC Times Electric

08/05/2018 09:31

* HK->Shanghai Connect daily quota used 2.9 pct,
Shanghai->HK
daily quota used 5 pct
    * HSI +1.4 pct, HSCE +1.5 pct, CSI300 +1.2 pct
    * 

    May 8 (Reuters) - Hong Kong stocks ended higher on Tuesday,
as fears of a full-blown trade war eased on reports that talks
between Washington and Beijing will continue. 
    
** The Hang Seng index  .HSI  ended 1.4 percent higher at
30,402.81, while the China Enterprises Index  .HSCE  closed up
1.5 percent at 12,144.79 points. 
        
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  ended 0.1 percent higher, while the IT sector  .HSCIIT 
closed 2.64 percent higher, the financial sector  .HSNF  ended
1.29 percent higher and property sector rose 1.34 percent.
 
** The top gainer on Hang Seng was Geely Automobile Holdings
Ltd,  0175.HK  which ended 5.28 percent higher, while the
biggest loser was CNOOC Ltd  0883.HK , closed down 1.78 percent.
 
** China's main Shanghai Composite index  .SSEC  closed up 0.8
percent at 3,136.6448 points, while its blue-chip CSI300 index
 .CSI300  ended up 1.16 percent.
 
 ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.42 percent, while Japan's Nikkei
index  .N225  closed up 0.18 percent.
 
 ** The yuan  CNY=CFXS  was quoted at 6.3646 per U.S. dollar at
08:21 GMT, 0.06 percent weaker than the previous close of
6.3617. 
 
** As of previous session, the Hang Seng index was up 0.25
percent this year, while China's H-share index was up 2.2
percent. As of previous close, the Hang Seng dropped 2.64
percent this month. 
 
** The top gainers among H-shares were China Pacific Insurance
Group Co Ltd  2601.HK  up 5.64 percent, followed by China
Shenhua Energy Co Ltd  1088.HK  gaining 4.97 percent and New
China Life Insurance Co Ltd  1336.HK  up by 4.79 percent.
 
** The three biggest H-shares percentage decliners were Zhuzhou
CRRC Times Electric Co Ltd  3898.HK , which lost 2.54 percent,
CNOOC Ltd  0883.HK , which fell 1.8 percent and Shenzhou
International Group Holdings Ltd  2313.HK  that slipped 0.8
percent.
 
** About 1.67 billion Hang Seng index shares were traded,
roughly 101.8 percent of the market's 30-day moving average of
1.64 billion shares a day. The volume traded in the previous
trading session was 1.49 billion.
 
** At close, China's A-shares were trading at a premium of 23.19
percent over the Hong Kong-listed H-shares.
 
** The price-to-earnings ratio of the Hang Seng index was 12.02
as of the last full trading day, while the dividend yield was
3.2 percent.
 

 (Reporting by the Shanghai Newsroom, Editing by Sherry
Jacob-Phillips)
 ((samuel.shen@tr.com))