Hong Kong stocks pull back, led by financials, tech shares

Zhuzhou CRRC Times Electric

22/02/2018 08:09

* HK->Shanghai Connect daily quota used 8.7 pct 
    * Shanghai->HK Connect daily quota used 32.2 pct 
    * HSI -1.5 pct, HSCE -1.3 pct, CSI300 +2.2 pct 
    * Falls led by tech, financial shares 
 
    Feb 22 (Reuters) - Hong Kong stocks pulled back on Thursday 
from a two-week high hit in the previous session as investors 
took profit from sectors such as tech  .HSCIIT  and financials 
 .HSCIIT , though the decline was capped by inflows from 
mainland China. 
   
** At close of trade, the Hang Seng index was down 466.21 
points, or 1.48 percent, at 30,965.68. The Hang Seng China 
Enterprises index  .HSCE  fell 1.25 percent to 12,528.64. 
  
** The sub-index of the Hang Seng tracking energy shares 
 .HSCIE  dipped 1.3 percent, while the IT sector  .HSCIIT  
dipped 2.17 percent, the financial sector  .HSNF  was 1.78 
percent lower and the property sector dipped 1.32 percent. 
  
** The top gainer on Hang Seng was China Mengniu Dairy Co Ltd 
 2319.HK , up 5.58 percent, while the biggest loser was China 
Resources Land Ltd  1109.HK  
  
** China's main Shanghai Composite index  .SSEC  closed up 2.17 
percent at 3,268.7305 points, while its blue-chip CSI300 index 
 .CSI300  ended up 2.17 percent. 
  
** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was weaker by 0.98 percent, while Japan's Nikkei 
index  .N225  closed down 1.07 percent . 
  
** The yuan  CNY=CFXS  was quoted at 6.3623 per U.S. dollar at 
08:13 GMT, 0.27 percent weaker than the previous close of 6.345. 
  
** As of the previous trading session, the Hang Seng index was 
up 5.06 percent this year, while China's H-share index was up 
8.3 percent. As of the previous close, the Hang Seng has 
declined 4.43 percent this month.  
  
** The top gainers among H-shares were Air China Ltd  0753.HK  
up 6.33 percent, followed by China Shenhua Energy Co Ltd 
 1088.HK  gaining 2.01 percent and People's Insurance Group of 
China Co Ltd  1339.HK  up by 1.19 percent. 
  
** The three biggest H-shares percentage decliners were Zhuzhou 
CRRC Times Electric Co Ltd  3898.HK , which was down 4.23 
percent, CITIC Securities Co Ltd  6030.HK , which fell 2.7 
percent, and China Vanke Co Ltd  2202.HK , down by 2.6 percent. 
  
** About 2.47 billion Hang Seng index shares were traded, 
roughly 80.1 percent of the market's 30-day moving average of 
3.08 billion shares a day. The volume traded in the previous 
trading session was 1.99 billion. 
  
** At close, China's A-shares were trading at a 
premium of 27.92 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. 
 
 (Reporting by Samuel Shen and John Ruwitch; Editing by 
Subhranshu Sahu) 
 ((samuel.shen@thomsonreuters.com;  +86 21 6104 1789; Reuters 
Messaging: samuel.shen.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE