July 27, 2018 / 4:24 AM / 5 months ago

China, Hong Kong stocks slip; investors cautious amid trade fears

* SSEC -0.1 pct, CSI300 -0.1 pct, HSI flat

* HK->Shanghai Connect daily quota used 2.8 pct

* FTSE China A50 +0.1 pct

SHANGHAI, July 27 (Reuters) - China and Hong Kong stocks slipped on Friday, as investors were cautious amid renewed fears about trade frictions between China and the United States. ** The CSI300 index fell 0.1 percent to 3,533.06 points at the end of the morning session, while the Shanghai Composite Index lost 0.1 percent, to 2,880.51 points. ** The Hang Seng index was unchanged at 28,769.49 points, while the Hong Kong China Enterprises Index was unchanged at 11,019.51. ** The United States signalled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China. ** Chinese and U.S. envoys presented radically differing visions of Beijing’s economic model at the World Trade Organization on Thursday, a choice between “the world’s most protectionist economy” and a growth story that has benefited all countries. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.23 percent while Japan’s Nikkei index was up 0.29 percent. ** The yuan was quoted at 6.801 per U.S. dollar, 0.24 percent weaker than the previous close of 6.7845. ** The largest percentage gainers in the main Shanghai Composite index were Hunan Tyen Machinery Co Ltd, up 10.04 percent, followed by Nanning Department Store Co Ltd gaining 10.04 percent and Tianjin Quanyechang Group Co Ltd up by 10.02 percent. ** The largest percentage losses in the Shanghai index were Guizhou Changzheng Tiancheng Holding Co Ltd, down 10.02 percent, followed by Shanghai Hile Bio-Technology Co Ltd losing 10 percent and Tengda Construction Group Co Ltd down by 7.52 percent. ** The top gainers among H-shares were Dongfeng Motor Group Co Ltd up 2.88 percent, followed by China Railway Group Ltd gaining 2.77 percent and Huaneng Power International Inc up by 2.74 percent. ** The three biggest H-shares percentage decliners were China Gas Holdings Ltd which has fallen 4.18 percent, CSPC Pharmaceutical Group Ltd which has lost 1.6 percent and Agricultural Bank of China Ltd down by 1.3 percent. ** About 9.13 billion shares have traded so far on the Shanghai exchange, roughly 65.7 percent of the market’s 30-day moving average of 13.90 billion shares a day. The volume traded was 16.84 billion as of the last full trading day. ** As of 04:01 GMT, China’s A-shares were trading at a premium of 17.29 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 12.54 as of the last full trading day while the dividend yield was 2.6 percent. ** So far this week, the market capitalisation of the Shanghai stock index has risen by 1.93 percent to 30.55 trillion yuan.

Reporting by Luoyan Liu and John Ruwitch; Editing by Sunil Nair

Nuestros Estándares:Los principios Thomson Reuters
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