Hang Seng falls 0.7%, H-shares 0.5% lower; slightly up for week
China May industrial production undershoots; stimulus hopes grow
Bank branches re-open in the city after heated street protests
HONG KONG, June 14 (Reuters) - The Hong Kong stock market fell for the third straight session on Friday and pared of some its weekly gains, as China reported lacklustre industrial production data. ** At the close of trade, the Hang Seng index .HSI was down 0.7% at 27,118.53, shedding its weekly gains to 0.6%. The Hang Seng China Enterprises index .HSCE fell 0.7% on Friday, finishing the week up just 0.8%. The Chinese A-share market recorded gains of around 2% this week. .SS
** The sub-index of the Hang Seng tracking energy shares .HSCIE rose 0.2%, the IT sector .HSCIIT lost 1.4%, the financial sector .HSNF ended 0.8% lower and the property sector .HSNP dipped 0.3%.
** China's industrial output growth unexpectedly slowed to a more than 17-year low in May, official data showed after market hours on Friday, adding that the country's investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as the United States ramps up trade pressure. CNIO=ECI, CNRSL=ECI
** U.S. President Donald Trump said this week he still plans to meet Chinese President Xi Jinping later this month, but declined to set a deadline for levying tariffs on another $325 billion of Chinese goods.
** Chinese Vice Premier Liu He on Thursday also signalled step up support for the economy. A state newspaper reported this week that China is expected to adjust money and credit supply in coming weeks.
** Police kept a close watch over central Hong Kong on Friday as the Asian financial hub returned to normalcy, with banks re-opening branches closed during violent protests against a proposed extradition bill with mainland China.
** The top gainer on the Hang Seng was Sino Biopharmaceutical Ltd 1177.HK, which gained 1.3%, while the biggest loser was Hengan International Group Company Ltd 1044.HK, which fell 2.6%.
** The three biggest H-shares percentage decliners were Huatai Securities Co Ltd 6886.HK, which was down 4.3%, Guangzhou Automobile Group Co Ltd 2238.HK, which fell 3.5% and GF Securities Co Ltd 1776.HK, down by 2.8%.
** At close, China's A-shares were trading at a premium of 26.37% over Hong Kong-listed H-shares. .HSCAHPI
(Reporting by Noah Sin; Editing by Rashmi Aich)