April 13, 2018 / 4:22 AM / 4 months ago

China, Hong Kong stocks fall on soft exports data

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

* HK->Shanghai Connect daily quota used 6.9 pct, Shanghai->HK daily quota used -1.8 pct

* FTSE China A50 -0.4 pct, BNY Mellon ADR China Select Index +0.4 pct

SHANGHAI, April 13 (Reuters) - China and Hong Kong stocks slid on Friday, after data showed China’s exports fell unexpectedly in March amid trade tensions with the United States.

** The CSI300 index fell 0.4 percent to 3,884.40 points at the end of the morning session, while the Shanghai Composite Index lost 0.4 percent, at 3,167.89 points. ** Chinese H-shares listed in Hong Kong fell 0.25 percent, to 12,258.6, while the Hang Seng Index was down 0.08 percent at 30,807.18. ** The smaller Shenzhen index was down 0.17 percent and the start-up board ChiNext Composite index was unchanged. ** China’s March exports fell 2.7 percent from a year earlier, the first drop since February last year, while imports grew 14.4 percent, more than expected, customs data showed on Friday. ** That left the country with a rare trade deficit of $4.98 billion for the month, also the first since last February. ** China’s export outlook is being clouded by an escalating trade dispute with the United States, which could disrupt China’s shipments and its supply chains, while a cooling property market may curb China’s demand for imported raw materials such as iron ore. ** Sectors fell across the board on the mainland, led by healthcare firms, as investors expect domestic pharmaceutical companies to bear the brunt of tariff removal on imported drugs. ** Leading drug maker Jiangsu Hengrui Medicine dropped 4.6 percent by the lunch break, and was poised for its worst day since early February. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.07 percent, while Japan’s Nikkei index was up 0.50 percent. ** The yuan was quoted at 6.2908 per U.S. dollar, 0.02 percent firmer than the previous close of 6.2922. ** The largest percentage gainers on the main Shanghai Composite index were Qian Jiang Water Resources Development Co Ltd , up 10 percent, followed by Tellhow Sci-Tech Co Ltd gaining 8.27 percent and Ningbo Joyson Electronic Corp up by 5.83 percent. ** The largest percentage losers on the Shanghai index were Shanghai Feilo Acoustics Co Ltd down 10.03 percent, followed by Tederic Machinery Co Ltd losing 7.24 percent and Shanghai Fosun Pharmaceutical Group Co Ltd down 7.13 percent. ** The top gainers among H-shares were Shenzhou International Group Holdings Ltd up 3.06 percent, followed by Postal Savings Bank of China Co Ltd gaining 1.56 percent and ZhongAn Online P & C Insurance Co Ltd up by 0.93 percent. ** The three biggest H-shares percentage decliners were CSPC Pharmaceutical Group Ltd which has fallen 4.15 percent, SINOPHARM GROUP CO LTD which has lost 3.9 percent and China Vanke Co Ltd down by 3.0 percent. ** As of 04:02 GMT, China’s A-shares were trading at a premium of 23.19 percent over the Hong Kong-listed H-shares.

Reporting by Luoyan Liu and John Ruwitch; Editing by Biju Dwarakanath

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