October 26, 2018 / 8:56 AM / 24 days ago

China, HK stocks end lower; Tencent hits 1-1/2-year closing low

* Hang Seng index falls 1.1 pct, down 3.3 pct for the week

* China Enterprises index loses 1.2 pct, down 1.6 pct for the week HSI financial sub-index is 0.9 pct lower, property up 0.5 pct

* Sunny Optical leads slide in HSI, Tencent at 1-1/2 yr low

HONG KONG, Oct 26 (Reuters) - Hong Kong’s main Hang Seng index ended weaker and China’s H-shares index closed down on Friday as Beijing’s latest supportive measures for the stock market and economy failed to lift sentiment, leading indices to end the week on a soft tone.

** At the close of trade, the Hang Seng index was down 276.83 points or 1.11 percent at 24,717.63. The Hang Seng China Enterprises index dropped 1.16 percent to 10,058.63. ** For the week, Hang Seng index finished down 3.3 pct, and H-shares index ended 1.6 pct lower. ** The sub-index of the Hang Seng tracking energy shares rose 0.5 percent, while the IT sector slipped 3.13 percent, the financial sector fell 0.89 percent and property sector climbed 0.52 percent. ** The biggest loser on the Hang Seng was Sunny Optical Technology Group Co Ltd, which ended down 11.11 percent, while the top gainer was Sun Hung Kai Properties Ltd , which closed up 1.68 percent. ** Shares in Tencent dropped as much as 3.6 pct to their lowest close since May 2017, after the company implemented a compulsory real name-based registration system for players of its popular Honour of Kings game.

** China’s main Shanghai Composite index closed down 0.19 percent at 2,603.80 points, while its blue-chip CSI300 index ended 0.65 percent weaker. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.91 percent, while Japan’s Nikkei index closed down 0.4 percent. ** The yuan was quoted at 6.9497 per U.S. dollar, as of 0828 GMT, 0.01 percent weaker than the previous close of 6.9492. ** As of previous trading session, the Hang Seng index was down 16.46 percent this year, while China’s H-share index slipped 13.1 percent. As of previous close, the Hang Seng has declined 10.05 percent this month. ** The three biggest H-shares percentage decliners were China Life Insurance Co Ltd, which ended down 6.67 percent, China Huarong Asset Management Co Ltd, which closed 3.6 percent lower and New China Life Insurance Co Ltd, which ended 3.6 percent weaker.

** The top gainers among H-shares were China Vanke Co Ltd , which ended 1.94 percent higher, followed by CNOOC Ltd, which ended 1.67 percent firmer and Guangdong Investment Ltd, which closed up 0.88 percent. ** About 1.74 billion Hang Seng index shares were traded, roughly 99.7 percent of the market’s 30-day moving average of 1.75 billion shares a day. The volume traded in the previous trading session was 2.36 billion. ** At close, China’s A-shares were trading at a premium of 25.83 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 9.68, as of last trading day, while dividend yield was 3.8 percent. ** So far this week, the market capitalisation of the Hang Seng index dropped 2.49 percent to HK$16.21 trillion.

Reporting by Donny Kwok; Editing by Sherry Jacob-Phillips

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