August 14, 2018 / 7:22 AM / 2 months ago

China stocks end lower after data shows economy cooling

* Shanghai stocks lower, blue-chip CSI300 index down

* Losses in Shanghai stocks led by HNA Infrastructure Investment Group Co

* China’s A-shares at 17 pct premium over H-shares

SHANGHAI, Aug 14 (Reuters) - China stocks ended lower on Tuesday after data showed further signs of cooling in the country’s economy and as trade war worries lingered. ** The blue-chip CSI300 index fell 0.5 percent to 3,372.91 points while the Shanghai Composite Index closed down 0.2 percent at 2,780.96 points. ** China’s economy is showing signs of cooling further as the U.S. prepares even tougher trade tariffs, with investment growth slowing to a record low and consumers turning more cautious about spending, data showed on Tuesday. ** China on Tuesday condemned measures targeting it in a new U.S. defence act, saying it would comprehensively assess aspects that beef up the role of a panel tasked with reviewing foreign investment proposals. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.05 percent while Japan’s Nikkei index closed up 2.28 percent. ** At 07:04 GMT, the yuan was quoted at 6.8801 per U.S. dollar, 0.14 percent firmer than the previous close of 6.89. ** The largest percentage gainers in the main Shanghai Composite index were Hunan Corun New Energy Co Ltd up 10.04 percent, followed by Nancal Technology Co Ltd, up 10.02 percent, and IReader Technology Co Ltd, up 10.01 percent. ** The largest percentage losers in the Shanghai index were HNA Infrastructure Investment Group Co Ltd, down 9.96 percent, followed by Zhejiang Xinneng Photovoltaic Technology Co Ltd, down 8.84 percent and Shanghai Xintonglian Packaging Co Ltd, down 5.21 percent. ** So far this year, the Shanghai stock index is down 15.9 percent, the CSI300 has fallen 16.3 percent while China’s H-share index listed in Hong Kong is down 8.2 percent. Shanghai stocks have declined 3.31 percent this month. ** About 10.96 billion shares were traded on the Shanghai exchange, roughly 78.4 percent of the market’s 30-day moving average of 13.97 billion shares a day. The volume in the previous trading session was 12.75 billion. ** As of 07:05 GMT, China’s A-shares were trading at a premium of 17.00 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 12.15 as of the last full trading day while the dividend yield was 2.7 percent. (Reporting by Shanghai Newsroom; Editing by Vyas Mohan)

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