June 26, 2018 / 8:44 AM / 20 days ago

Hong Kong shares dip to fresh 6-month low as trade war fears linger

* Hang Seng index ends down 0.3 pct

* China Enterprises Index falls 0.8 percent HSI financial sector sub-index flat; property down 0.7 pct

June 26 (Reuters) - Hong Kong stocks fell slightly on Tuesday, closing at a fresh six-month low, as sentiment remained subdued by fears of a Sino-U.S. trade war.

** The Hang Seng index fell 0.3 percent, to 28,881.40, while the China Enterprises Index lost 0.8 percent, to 11,118.89 points. ** The sub-index of the Hang Seng tracking energy shares dipped 1 percent while the IT sector dipped 0.74 percent, the financial sector was 0.24 percent lower and property sector dipped 0.67 percent. ** The top gainer on Hang Seng was CLP Holdings Ltd up 3.3 percent, while the biggest loser was Country Garden Holdings Co Ltd which was down 6.65 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.22 percent while Japan’s Nikkei index closed up 0.02 percent. ** The yuan was quoted at 6.5573 per U.S. dollar at 08:21 GMT, 0.28 percent weaker than the previous close of 6.5389. ** As of the previous trading session, the Hang Seng index was down 3.2 percent this year, while China’s H-share index was down 4.3 percent. As of the previous close, the Hang Seng has declined 4.95 percent this month. ** The top gainers among H-shares were China Telecom Corp Ltd up 1.69 percent, followed by CSPC Pharmaceutical Group Ltd gaining 1.51 percent and China Mobile Ltd up by 1.24 percent. ** The three biggest H-shares percentage decliners were Anhui Conch Cement Co Ltd which was down 4.45 percent, Air China Ltd which fell 2.8 percent and ZhongAn Online P & C Insurance Co Ltd down by 2.5 percent. ** About 2.61 billion Hang Seng index shares were traded, roughly 135.7 percent of the market’s 30-day moving average of 1.92 billion shares a day. The volume traded in the previous trading session was 2.37 billion. ** At close, China’s A-shares were trading at a premium of 18.94 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 11.37 as of the last full trading day while the dividend yield was 3.3 percent. (Reporting by Shanghai Newsroom; Editing by Sunil Nair)

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