July 26, 2019 / 8:48 AM / 4 months ago

Hong Kong stocks track Wall Street losses to close lower

* HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used 3.4%

* HSI -0.7%, HSCE -0.7%, CSI300 +0.2%

* FTSE China A50 +0.2%

July 26 (Reuters) - Hong Kong stocks fell on Friday to end the week lower, tracking overnight losses on the Wall Street, and after the European Central Bank held interest rates steady unexpectedly.

** The Hang Seng index fell 0.7%, to 28,397.74, while the China Enterprises Index lost 0.7%, to 10,853.17.

** For the week, HSI lost 1.3%, while HSCE shed 0.5%.

** Wall Street shares fell from record highs on Thursday, with the S&P 500 losing 0.53%, following a flurry of downbeat quarterly results from Ford Motor and other companies.

** Investor focus was on the development in Sino-U.S. trade negotiations.

** Lead negotiators for China and the United States will meet in Shanghai on Tuesday for two days in the next round of trade talks, China’s commerce ministry confirmed.

** Sectors fell across the board, led by telecoms and materials firms both declining 1.4%.

** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.65%, while Japan’s Nikkei index closed down 0.45%.

** The yuan was quoted at 6.8789 per U.S. dollar at 08:15 GMT, 0.08% weaker than the previous close of 6.8734.

** The top gainers among H-shares were China Pacific Insurance Group Co Ltd up 0.75%, followed by China Huarong Asset Management Co Ltd, gaining 0.74% and China Cinda Asset Management Co Ltd, up by 0.57%.

** The three biggest H-shares percentage decliners were China Tower Corp Ltd, which was down 2.84%, Guangdong Investment Ltd, which fell 2.27% and SINOPHARM GROUP CO LTD, down by 2.1%.

** About 1.36 billion Hang Seng index shares were traded, roughly 100.5% of the market’s 30-day moving average of 1.36 billion shares a day. The volume traded in the previous trading session was 1.00 billion.

** At close, China’s A-shares were trading at a premium of 28.88% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom)

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