August 17, 2018 / 4:05 AM / a month ago

Vaccine scandal weighs on China shares; HK stocks climb

* SSEC -0.4 pct, CSI300 -0.6 pct, HSI +0.5 pct

* CSI healthcare sub-index down 3.6 pct

* Trade war fears ease on news of fresh China-U.S. talks

SHANGHAI, Aug 17(Reuters) - Shares in China fell on Friday, pulled down by healthcare companies after a vaccine maker warned it could be delisted due to an ongoing vaccine scandal, but planned talks between the United States and China helped ease trade war fears.

** China sacked a senior provincial official and is probing a former top drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd, which again warned it could be delisted over the scandal.

** China and the United States said their governments will hold lower-level trade talks this month, raising hope of an easing of tensions in an escalating trade war.

** At the midday break, the Shanghai Composite index was down 10.67 points or 0.39 percent at 2,694.52. ** China’s blue-chip CSI300 index was down 0.55 percent, weighed down by healthcare sub-index, which is 3.58 percent lower.

** Changsheng Biotechnology shares dropped 5 percent.

** The financial sector sub-index is higher by 0.18 percent, the consumer staples sector is down 0.28 percent and the real estate index is up 0.03 percent. ** Around 0334 GMT, Chinese H-shares listed in Hong Kong rose 0.35 percent at 10,516.87, while the Hang Seng Index was up 0.48 percent at 27,230.56.

** The smaller Shenzhen index was down 0.74 percent and the start-up board ChiNext Composite index was weaker by 1.37 percent.

** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.39 percent, while Japan’s Nikkei index climbed 0.42 percent.

** The yuan was quoted at 6.8864 per U.S. dollar, 0.05 percent firmer than the previous close of 6.89.

** The largest percentage gainers in the main Shanghai Composite index were Red Avenue New Materials Group Co Ltd up 10.02 percent, followed by Jiangsu Nanfang Medical Co Ltd gaining 9.99 percent and Zhe Jiang Dong Ri Ltd Co up by 7.08 percent.

** The largest percentage losses in the Shanghai index were MeiDu Energy Corp down 10.1 percent, followed by Hylink Digital Solution Co Ltd losing 10.01 percent and Shangying Global Co Ltd down by 10 percent.

** So far this year, the Shanghai stock index is down -18.2 percent, while China’s H-share index lost 10.5 percent. Shanghai stocks fell 5.95 percent this month.

** The top gainers among H-shares were China Vanke Co Ltd up 4.22 percent, followed by Tencent Holdings Ltd gaining 3.07 percent and Guangdong Investment Ltd up by 2.64 percent.

** The three biggest H-shares percentage decliners were CSPC Pharmaceutical Group Ltd, which fell 6.05 percent, CRRC Corp Ltd, which lost 4.6 percent and China Gas Holdings Ltd, which slipped 3.3 percent.

** About 5.61 billion shares have traded so far on the Shanghai exchange, roughly 40.6 percent of the market’s 30-day moving average of 13.81 billion shares a day. The volume traded was 12.03 billion as of the last full trading day.

** As of 0334 GMT, China’s A-shares were trading at a premium of 17.02 percent over the Hong Kong-listed H-shares.

** The Shanghai stock index is below its 50-day moving average and below its 200-day moving average.

** The price-to-earnings ratio of the Shanghai index was 11.78 as of the last full trading day, while the dividend yield was 2.8 percent.

** So far this week, the market capitalisation of the Shanghai stock index has fallen by 3.20 percent to 28.73 trillion yuan.

** In Hong Kong, the sub-index of the Hang Seng index tracking energy shares was flat, while the IT sector rose 2.2 percent. The top gainer on Hang Seng was Want Want China Holdings Ltd up 4.42 percent, while the biggest loser was CSPC Pharmaceutical Group Ltd which was down 6.05 percent.

Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips

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