CORRECTED-Hong Kong shares end flat as investors fear new U.S. tariffs

(Corrects attribution to commerce ministry, instead of foreign ministry, in the third of the paragraphs starting with bullets)

* Hang Seng index ends flat

* China Enterprises index HSCE falls 0.2 percent

* HSI financial sector sub-index is flat; property sector down 0.1 percent

Sept 7 (Reuters) - Hong Kong shares finished flat on Friday, after touching their lowest levels since July last year, amid concerns that a new set of Sino-U.S. tariffs could come into effect after the deadline for a public comment period for proposed tariffs passed.

** The Hang Seng index ended down just 1.35 points at 26,973.47, while the China Enterprises Index closed 0.18 percent lower at 10,559.54 points. ** The Trump administration is ready to move ahead with a next round of tariffs on $200 billion worth of Chinese imports after a public comment period ended at midnight in Washington on Thursday (0400 GMT Friday), but the timing is uncertain, people familiar with the administration’s plans told Reuters. ** China has warned of retaliation if the United States introduces new tariffs, a commerce ministry spokesman said on Thursday. ** The sub-index of the Hang Seng tracking energy shares ended 1 percent higher, while the IT sector closed 0.48 percent firmer, the financial sector ended 0.43 percent lower and property sector closed down 0.09 percent. ** The top gainer on the Hang Seng was China Merchants Port Holdings Co Ltd, which ended 4.95 percent firmer, while the biggest loser was Galaxy Entertainment Group Ltd , which closed down 3.79 percent. ** China’s main Shanghai Composite index closed up 0.4 percent at 2,691.59 points, while its blue-chip CSI300 index ended 0.45 percent higher. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.21 percent, while Japan’s Nikkei index closed 0.8 percent weaker. ** The yuan was quoted at 6.8371 per U.S. dollar at 0814 GMT, 0.15 percent weaker than previous close of 6.8267. ** As of previous trading session, the Hang Seng index was down 9.84 percent this year, while China’s H-share index was down 9.7 percent. As of previous close, the Hang Seng slipped 3.28 percent this month. ** The top gainers among H-shares were CNOOC Ltd up 3.13 percent, followed by Hengan International Group Company Ltd , gaining 2.66 percent and CSPC Pharmaceutical Group Ltd, up by 1.59 percent. ** The three biggest H-shares percentage decliners were China Huarong Asset Management Co Ltd, which ended down 3.18 percent, Dongfeng Motor Group Co Ltd, which closed 2.8 percent lower and China Gas Holdings Ltd, which ended down 2.4 percent. ** About 2.95 billion Hang Seng index shares were traded, roughly 178.8 percent of the market’s 30-day moving average of 1.65 billion shares a day. The volume traded in the previous trading session was 2.24 billion. ** At close, China’s A-shares were trading at a premium of 19.84 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 10.1 as of the last full trading day, while the dividend yield was 3.6 percent. ** The market capitalisation of the Hang Seng index fell by 3.48 percent this week to HK$17.42 trillion. ** The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was higher by 0.01 percent on the day at 5,203.53 points.

Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips