June 12, 2018 / 8:26 AM / 4 months ago

Hong Kong stocks close higher after Trump-Kim historic summit

* Hang Seng index ends 0.1 pct higher

* China Enterprises index HSCE rises 0.3 percent

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

June 12 (Reuters) - Hong Kong stocks ended higher on Tuesday, after U.S. President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal aimed at the denuclearisation of the Korean peninsula, while Washington committed to provide security guarantees for its old enemy.

** The Hang Seng index closed up 0.1 percent at 31,103.06 points, while the China Enterprises Index ended 0.3 percent higher at 12,206.57 points. ** U.S. President Donald Trump and North Korean leader Kim Jong Un pledged on Tuesday to work towards complete denuclearisation of the Korean peninsula. But a joint statement signed at the end of their historic summit in Singapore gave few details on how either goal would be achieved. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.1 percent, while Japan’s Nikkei index closed up 0.33 percent. ** The yuan was quoted at 6.402 per U.S. dollar at 0809 GMT, 0.04 percent firmer than the previous close of 6.4047. ** As of the previous trading session, the Hang Seng index was up 3.83 percent this year, while China’s H-share index was up 4.0 percent. As of previous close, the Hang Seng gained 1.95 percent this month. ** The top gainers among H-shares were CSPC Pharmaceutical Group Ltd, which ended 5.12 percent higher, followed by China Vanke Co Ltd, which closed up 3.37 percent and Hengan International Group Company Ltd, which closed 2.78 percent higher. ** The three biggest H-shares percentage decliners were SINOPHARM GROUP CO LTD, which ended down 1.57 percent, China Railway Group Ltd, which closed 1.3 percent lower and CRRC Corp Ltd, which ended 0.9 percent down. ** About 1.42 billion Hang Seng index shares were traded, roughly 81.7 percent of the market’s 30-day moving average of 1.74 billion shares a day. The volume traded in the previous trading session was 1.36 billion. ** At close, China’s A-shares were trading at a premium of 17.71 percent over the Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)

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