February 14, 2018 / 4:52 AM / 5 days ago

China stocks dip ahead of Lunar New Year, Hong Kong rises

* SSEC -0.3 pct, CSI300 -0.1 pct, HSI +0.8 pct

* China stock market closed Feb 15-21

* HK shares trade half day on Thursday, resume trading Feb 20

SHANGHAI, Feb 14 (Reuters) - China stocks dipped on Wednesday morning, with investors cutting risk exposure on the last trading day before the week-long Lunar New Year holiday while Hong Kong shares extended their rebound.

** China’s stock market will be closed Feb 15-Feb 21 due to the holiday. Hong Kong shares will halt trading on Thursday afternoon, and will resume trading next Tuesday, Feb 20.

** At 04:11 GMT, the Shanghai Composite index was down 9.64 points or 0.3 percent at 3,175.32. ** China’s blue-chip CSI300 index was down 0.06 percent, with its financial sector sub-index lower by 0.58 percent, the consumer staples sector up 0.65 percent, the real estate index down 1.02 percent and healthcare sub-index up 0.57 percent. ** Chinese H-shares listed in Hong Kong rose 0.54 percent to 12,069.12 while the Hang Seng Index was up 0.77 percent at 30,068.56. ** The smaller Shenzhen index was down 0.17 percent and the start-up board ChiNext Composite index was weaker by 0.72 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.54 percent while Japan’s Nikkei index was down 1.27 percent . ** The yuan was quoted at 6.335 per U.S. dollar, 0.08 percent firmer than the previous close of 6.34. ** The largest percentage gainers in the main Shanghai Composite index were Henan Ancai Hi-tech Co Ltd up 10.06 percent, followed by Changchunjingkai Group Co Ltd gaining 10.04 percent and Qingdao Tianhua Institute of Chemistry Engineering Co Ltd up by 10 percent. ** The largest percentage losses in the Shanghai index were Zhongnongfa Seed Industry Group Co Ltd down 8.5 percent, followed by Shanghai Shenhua Holdings Co Ltd losing 8 percent and Shanghai Zhongyida Co Ltd down by 7.39 percent. ** The top gainers among H-shares were BYD Co Ltd up 2.25 percent, followed by China Construction Bank Corp gaining 2.06 percent and Industrial and Commercial Bank of China Ltd up by 1.83 percent. ** The three biggest H-shares percentage decliners were Zhuzhou CRRC Times Electric Co Ltd which has fallen 3.36 percent, Air China Ltd which has lost 0.9 percent and Sinopharm Group Co Ltd down by 0.8 percent. ** About 5.07 billion shares have traded so far on the Shanghai exchange, roughly 23.1 percent of the market’s 30-day moving average of 21.95 billion shares a day. The volume traded was 15.15 billion as of the last full trading day. ** As of 04:11 GMT, China’s A-shares were trading at a premium of 28.56 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 14.61 as of the last full trading day while the dividend yield was 2 percent. ** So far this week, the market capitalisation of the Shanghai stock index has risen by 1.69 percent to 28.20 trillion yuan. ** In Hong Kong, the sub-index of the Hang Seng index tracking energy shares rose 0.3 percent while the IT sector rose 0.9 percent. The top gainer on Hang Seng was Hang Seng Bank Ltd up 5.8 percent, while the biggest loser was Want Want China Holdings Ltd which was down 1.62 percent.

Reporting by Samuel Shen and John Ruwitch; Editing by Jacqueline Wong

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