HK stocks ease as worries on economy, trade war persist


Hang Seng index ends 0.24% lower

China Enterprises index .HSCE falls 0.41%

HSI financial sector sub-index flat; property index down 0.2%

HONG KONG, May 27 (Reuters) - Hong Kong stocks eased on Monday, as investors stayed on the sidelines awaiting hints of further policy support to offset impacts of U.S.-China trade war and cooling domestic demand, amid worries about the economy.

** At the close of trade, the Hang Seng index .HSI was down 65.84 points, or 0.24%, at 27,288.09. The Hang Seng China Enterprises index .HSCE fell 0.41% to 10,402.76.

** The biggest loser on the Hang Seng was Want Want China Holdings Ltd 0151.HK, which fell 2.41%, while the top gainer was Sino Biopharmaceutical Ltd 1177.HK, rising 6.93%.

** The sub-index of the Hang Seng tracking energy shares .HSCIE dipped 0.6%, while the IT sector .HSCIIT dipped 0.16%, the financial sector .HSNF ended 0.04% lower and the property sector dipped 0.21%.

** China's main Shanghai Composite index .SSEC closed up 1.38% at 2,892.38, while the blue-chip CSI300 index .CSI300 ended up 1.2%.

** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was firmer by 0.08%, while Japan's Nikkei index .N225 closed up 0.31%.

** The yuan CNY=CFXS was quoted at 6.8956 per U.S. dollar at 08:12 GMT, 0.07% firmer than the previous close of 6.9005.

** The top gainers among H-shares were China Tower Corp Ltd 0788.HK up 4.17%, followed by Huaneng Power International Inc 0902.HK, gaining 4.12% and CGN Power Co Ltd 1816.HK, up by 3.4%.

** The three biggest H-shares percentage decliners were Hengan International Group Company Ltd 1044.HK, which was down 1.73%, PICC Property and Casualty Co Ltd 2328.HK, which fell 1.6% and China Telecom Corp Ltd 0728.HK, down by 1.5%.

** About 1.30 billion Hang Seng index shares were traded, roughly 72.9% of the market's 30-day moving average of 1.79 billion shares a day. The volume traded in the previous trading session was 1.73 billion.

** At close, China's A-shares were trading at a premium of 26.91% over Hong Kong-listed H-shares.

(Reporting by Donny Kwok; Editing by Rashmi Aich)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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