August 27, 2019 / 8:46 AM / 3 months ago

Hong Kong stocks end lower as protest worries weigh

* HK->Shanghai Connect daily quota used 14.2%, Shanghai->HK daily quota used 6.2%

* HSI -0.1%, HSCE -0.2%, CSI300 +1.4%

* FTSE China A50 +0.9%

Aug 27 (Reuters) - Stocks in Hong Kong ended slightly lower on Tuesday as the Chinese-ruled city’s biggest political crisis in decades dented sentiment and offset renewed hopes of a Sino-U.S. trade deal.

** The Hang Seng index ended down 0.1% at 25,664.07, while the China Enterprises Index lost 0.2% to 9,996.19.

** Hong Kong leader Carrie Lam said on Tuesday the escalation of violence in anti-government protests that have rocked the Asian financial centre for three months is becoming more serious.

** Unrest in the Asian financial hub escalated in mid-June over a now-suspended extradition bill that would have allowed people to be sent to mainland China for trial in courts controlled by the Communist Party.

** Supporting market mood in broader peers, U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.

** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.29%, while Japan’s Nikkei index closed up 0.96%.

** The yuan was quoted at 7.1664 per U.S. dollar at 0817 GMT, 0.2% weaker than the previous close of 7.152.

** The top gainers among H-shares were ANTA Sports Products Ltd up 5.71%, followed by Country Garden Holdings Co Ltd, which closed 4.01% higher and China Communications Construction Co Ltd, which closed up by 3.08%.

** The three biggest H-shares percentage decliners were Shenzhou International Group Holdings Ltd, which ended down 4.28%, China Pacific Insurance Group Co Ltd, which closed 3.64% lower and Byd Co Ltd, which ended down by 3.33%.

** About 2.21 billion Hang Seng index shares were traded, roughly 136% of the market’s 30-day moving average of 1.63 billion shares a day. The volume traded in the previous trading session was 2.48 billion.

** At close, China’s A-shares were trading at a premium of 30.03% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)

Nuestros Estándares:Los principios Thomson Reuters
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