Tariff worries, weak China data pull Hong Kong shares lower
Monday, 3 September 2018 15:47 WIB | MARKET UPDATE |HANG SENGSaham Hong KongHang Seng China EnterprisesIndeks Hang Seng

Hang Seng index ends down 0.6 pct China Enterprises index HSCE falls 0.6 percent HSI financial sector sub-index flat; property sector down 0.9 percent

Hong Kong shares ended lower on Monday, tracking regional weakness as fears over further escalation of the U.S.-China trade war and signs of slowing manufacturing growth in China hit investor sentiment.

The Hang Seng index closed 0.6 percent lower at 27,712.54, while the China Enterprises Index lost 0.6 percent to 10,813.57 points.

The sub-index of the Hang Seng tracking energy shares closed down 1.3 percent, while the IT sector closed 1.99 percent lower, the financial sector ended down 0.29 percent lower and property sector closed 0.87 percent weaker.

The top gainer on Hang Seng was WH Group Ltd, which ended up 2.7 percent, while the biggest loser was Geely Automobile Holdings Ltd, which closed down 4.44 percent.

U.S. President Donald Trump said last week he was ready to impose tariffs on $200 billion more of Chinese imports as soon as a public comment period on the plan ends this week.

Source: Reuters

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