July 18, 2018 / 8:33 AM / a month ago

Hong Kong shares down slightly as yuan weakens

* Hang Seng index ends down 0.2 pct

* China Enterprises index HSCE falls 0.1 percent

* HSI financial sector sub-index is flat; property sector down 0.3 percent

July 18 (Reuters) - Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness.

** The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, to 10,578.46 points.

** China’s yuan hit two-week lows against a broadly stronger U.S. dollar on Wednesday, breaching the key 6.7 per dollar level. A rising dollar raises concerns of capital outflows. ** The sub-index of the Hang Seng tracking energy shares dipped 0.7 percent while the IT sector rose 0.26 percent, the financial sector was 0.34 percent lower and property sector dipped 0.34 percent. ** The top gainer on Hang Seng was WH Group Ltd up 3.78 percent, while the biggest loser was AAC Technologies Holdings Inc which was down 4.45 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.05 percent while Japan’s Nikkei index closed up 0.43 percent. ** The yuan was quoted at 6.715 per U.S. dollar at 08:17 GMT, 0.17 percent weaker than the previous close of 6.7035. ** As of the previous trading session, the Hang Seng index was down 5.81 percent this year, while China’s H-share index was down 9.5 percent. As of the previous close, the Hang Seng has declined 2.67 percent this month. ** The top gainers among H-shares were Great Wall Motor Co Ltd up 5.16 percent, followed by CSPC Pharmaceutical Group Ltd gaining 2.75 percent and Dongfeng Motor Group Co Ltd up by 1.96 percent. ** The three biggest H-shares percentage decliners were China Gas Holdings Ltd which was down 2.57 percent, PICC Property and Casualty Co Ltd which fell 2.5 percent and Air China Ltd down by 1.8 percent. ** About 1.55 billion Hang Seng index shares were traded, roughly 79.1 percent of the market’s 30-day moving average of 1.97 billion shares a day. The volume traded in the previous trading session was 1.75 billion. ** At close, China’s A-shares were trading at a premium of 18.25 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 11.07 as of the last full trading day while the dividend yield was 3.3 percent. (Reporting by the Shanghai Newsroom; Editing by Sunil Nair)

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