May 25, 2018 / 8:33 AM / 3 months ago

Hong Kong shares down amid N.Korea, trade tensions

* Hang Seng index ends down 0.6 pct

* China Enterprises index HSCE falls 0.9 pct

* HSI financial sector sub-index flat; property sector down 0.2 pct

SHANGHAI, May 25 (Reuters) - Hong Kong shares fell on Friday, amid renewed geopolitical worries after U.S. President Donald Trump called off a planned June meeting with North Korean leader Kim Jong Un.

** Sentiment is dampened by signs of rising trade tensions as the Trump administration launched a national security investigation into car and truck imports, ahead of U.S. Commerce Secretary Wilbur Ross’s visit to China early next month for another round of talks.

** The Hang Seng index fell 0.6 percent, to 30,588.04, while the China Enterprises Index lost 0.9 percent, to 12,047.75 points. ** The sub-index of the Hang Seng tracking energy shares dipped 3.9 percent while the IT sector dipped 0.74 percent; the financial sector was 0.3 percent lower and property sector dipped 0.17 percent. ** The top gainer on Hang Seng was Lenovo Group Ltd, up 6.91 percent, while the biggest loser was CNOOC Ltd , which was down 3.53 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.07 percent, while Japan’s Nikkei index closed up 0.06 percent. ** The yuan was quoted at 6.3885 per U.S. dollar at 08:22 GMT, 0.18 percent weaker than the previous close of 6.377. ** As of the previous trading session, the Hang Seng index was up 2.81 percent this year, while China’s H-share index was up 3.8 percent. As of the previous close, the Hang Seng has declined 0.16 percent this month. ** The top gainers among H-shares were CSPC Pharmaceutical Group Ltd, up 6.81 percent, followed by ZhongAn Online P & C Insurance Co Ltd gaining 1.78 percent and China Citic Bank Corp Ltd up by 1.58 percent. ** The three biggest H-shares percentage decliners were CNOOC Ltd, which was down 3.53 percent, PetroChina Co Ltd , which fell 3.0 percent, and Guangzhou Automobile Group Co Ltd, down by 2.6 percent. ** About 1.73 billion Hang Seng index shares were traded, roughly 105.9 percent of the market’s 30-day moving average of 1.63 billion shares a day. The volume traded in the previous trading session was 1.63 billion. ** At close, China’s A-shares were trading at a premium of 20.49 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 12.24 as of the last full trading day while the dividend yield was 3.1 percent. (Reporting by the Shanghai Newsroom; Editing by Amrutha Gayathri)

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