June 7, 2018 / 7:27 AM / 14 days ago

China stocks slip as healthcare firms weigh

* Shanghai stocks lower, blue-chip CSI300 index down

* Losses in Shanghai stocks led by Guangzhou Jiacheng International Logistics

* China’s A-shares at 17.16 pct premium over H-shares

SHANGHAI, June 7 (Reuters) - China stocks slipped on Thursday as consumer and healthcare firms took a breather after recent gains. ** The blue-chip CSI300 index closed 0.2 percent down at 3,831.01 while the Shanghai Composite Index also lost 0.2 percent to 3,109.50 points. ** Healthcare stocks led the decline, with Aier Eye Hospital down 4.5 percent, as investors booked profits after a strong run-up. ** Focus continued to be on trade talks between China and U.S. ** China’s Commerce Ministry said on Thursday that the country does not want an escalation of trade frictions with the United States, and that some specific progress was made in the latest round of talks that concluded over the weekend. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.47 percent while Japan’s Nikkei index closed up 0.87 percent. ** At 07:00 GMT, the yuan was quoted at 6.392 per U.S. dollar, 0.03 percent weaker than the previous close of 6.3898. ** The biggest percentage gainers in the main Shanghai Composite index were Anyang Iron & Steel Inc, up 10.09 percent, followed by Ningbo Techmation Co Ltd, up 10.05 percent, and Riyue Heavy Industry Co Ltd, up 10.01 percent. ** The largest percentage losses in the Shanghai index were Guangzhou Jiacheng International Logistics Co Ltd, down 9.17 percent, followed by Jason Furniture Hangzhou Co Ltd , down 6.18 percent, and Wuxi Acryl Technology Co Ltd , down 6.12 percent. ** So far this year, the Shanghai stock index is down 6 percent, the CSI300 has fallen 5 percent while China’s H-share index listed in Hong Kong is up 5.9 percent. Shanghai stocks have risen 0.44 percent this month. ** About 12.78 billion shares were traded on the Shanghai exchange, roughly 95.4 percent of the market’s 30-day moving average of 13.39 billion shares a day. The volume in the previous trading session was 12.02 billion. ** As of 07:01 GMT, China’s A-shares were trading at a premium of 17.16 percent over the Hong Kong-listed H-shares. ** The Shanghai stock index is below its 50-day moving and 200-day moving averages. ** The price-to-earnings ratio of the Shanghai index was 13.35 as of the last full trading day while the dividend yield was 2.5 percent. ** So far this week, the market capitalisation of the Shanghai stock index has risen by 1.30 percent to 32.24 trillion yuan. (Reporting by Shanghai Newsroom; Editing by Vyas Mohan)

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