July 20, 2018 / 4:30 AM / 4 months ago

Shanghai stocks set for sixth day of declines amid yuan slide

* SSEC -0.1 pct, CSI300 -0.4 pct, HSI -0.5 pct

* HK->Shanghai Connect daily quota used 0.8 pct

* Yuan plunged to a more than one year low against dollar

SHANGHAI, July 20 (Reuters) - China stocks fell on Friday, with the Shanghai benchmark poised to decline for a sixth straight session, as market sentiment continued to be curbed by a sliding yuan.

** The CSI300 index fell 0.4 percent to 3,414.78 points at the end of the morning session, while the Shanghai Composite Index lost 0.1 percent to 2,769.20 points.

** China’s yuan plunged to its lowest in more than a year against the dollar on Friday after the central bank fixed a weak midpoint, but traders said major state banks sold dollars during the morning trading which slowed down the decline. ** China’s CSI300 financial sector sub-index slid 0.12 percent, the consumer staples sector lost 0.82 percent, the real estate index fell 1.59 percent and healthcare sub-index slipped 0.98 percent.

** Chinese H-shares listed in Hong Kong fell 0.36 percent at 10,485.68, while the Hang Seng Index was down 0.54 percent at 27,858.23.

** The smaller Shenzhen index slipped 0.23 percent and the start-up board ChiNext Composite index was higher by 0.12 percent.

** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.06 percent, while Japan’s Nikkei index was down 0.70 percent.

** The yuan was quoted at 6.7946 per U.S. dollar, 0.22 percent weaker than the previous close of 6.7796.

** The largest percentage gainers in the main Shanghai Composite index were Fujian Start Group Co Ltd, which climbed 10.06 percent, followed by Shandong Huapeng Glass Co Ltd , which gained 10.06 percent and Chongqing Gas Group Corp Ltd, which rose 9.94 percent.

** The largest percentage losses in the Shanghai index were Hainan Airlines Holding Co Ltd, which lost 10.04 percent, followed by Hainan Airlines Holding Co Ltd, which slipped 9.91 percent and Ningxia Xinri Hengli Steel Wire Rope Co Ltd, which slid 7.57 percent.

** So far this year, the Shanghai stock index is down 16.17 percent, while China’s H-share index lost 10.1 percent. Shanghai stocks declined 2.63 percent this month.

** The top gainers among H-shares were China Gas Holdings Ltd , which rose 2.65 percent, followed by Air China Ltd , which climbed 2.4 percent and Postal Savings Bank of China Co Ltd, which gained 2.04 percent.

** The three biggest H-shares percentage decliners were China Resources Land Ltd, which has fallen 3.72 percent, China Huarong Asset Management Co Ltd, which has lost 2.6 percent and China Vanke Co Ltd, which fell 2.2 percent.

Reporting by Shanghai Newsroom, Editing by Sherry Jacob-Phillips

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