July 29, 2019 / 8:31 AM / 4 months ago

Hong Kong stocks end lower amid intense protests

* HK->Shanghai Connect daily quota used -2.5%, Shanghai->HK daily quota used 2.7%

* HSI -1.0%, HSCE -0.7%, CSI300 -0.1%

* FTSE China A50 -0.1%

July 29 (Reuters) - Hong Kong stocks ended lower on Monday, led by declines in property firms amid an increasing cycle of violence in the city, while investors counted down to a likely cut in U.S. interest rates this week.

** The Hang Seng index was down 1% at 28,106.41 points, while the China Enterprises Index lost 0.7% to 10,780.59 points.

** Protests in Hong Kong over the past two months spearheaded by anti-government activists against a proposed bill that would allow people to be extradited from the city to stand trial in courts in mainland China have grown increasingly violent.

** Developers led the decline, with the Hang Seng properties index slumping 2.2%.

** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.46%, while Japan’s Nikkei index closed 0.19% weaker.

** The yuan was quoted at 6.8902 per U.S. dollar at 0815 GMT, 0.15% weaker than previous close of 6.88.

** The top gainers among H-shares were Guangdong Investment Ltd up 2.2%, followed by China National Building Material Co Ltd, gaining 1.42% and Dongfeng Motor Group Co Ltd, up by 1.11%.

** The three biggest H-shares percentage decliners were Huatai Securities Co Ltd, which was down 2.61%, Industrial and Commercial Bank of China Ltd, which ended 2.36% lower and Haitong Securities Co Ltd, down by 2.2%.

** At close, China’s A-shares were trading at a premium of 29.11% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)

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