November 23, 2018 / 8:42 AM / 9 months ago

Hong Kong shares fall amid economic worries, trade talk uncertainty

Nov 23 (Reuters) - Hong Kong stocks fell on Friday as investors are worried about global economic growth, and cautious ahead of next week’s high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping during a G20 meeting. ** The Hang Seng index fell 0.4 percent, to 25,927.68, while the China Enterprises Index lost 0.6 percent, to 10,388.53 points. ** On Tuesday, the United States said China had failed to alter “unfair” practices at the heart of the trade conflict.

** Further dimming market hopes, the Wall Street Journal reported on Thursday that the U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies.

** The sub-index of the Hang Seng tracking energy shares dipped 0.7 percent, while the IT sector dipped 2.23 percent, the financial sector ended 0.09 percent lower and the property sector dipped 0.84 percent. ** The top gainer on the Hang Seng was CK Infrastructure Holdings Ltd, which gained 2.25 percent, while the biggest loser was Country Garden Holdings Co Ltd, which fell 3.43 percent.

** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.15 percent, while Japan’s Nikkei index closed up 0.65 percent. ** The yuan was quoted at 6.942 per U.S. dollar at 08:26 GMT, 0.15 percent weaker than the previous close of 6.9314. ** The top gainers among H-shares were China Mobile Ltd up 1.34 percent, followed by Guangdong Investment Ltd , gaining 0.54 percent and China Telecom Corp Ltd , up by 0.49 percent. ** The three biggest H-shares percentage decliners were Huatai Securities Co Ltd, which was down 5.54 percent, China Huarong Asset Management Co Ltd, which fell 3.8 percent and China Vanke Co Ltd, down by 3.5 percent. (Reporting by the Shanghai Newsroom; Editing by Sunil Nair)

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