China, Hong Kong stocks firm on trade hopes
Friday, August 23, 2019       13:06 WIB

SHANGHAI, Aug 23 (Reuters) - China and Hong Kong stocks rose on Friday, bolstered by hopes for potential progress in Sino-U.S. trade negotiations as the United States still plans in-person talks next month.
The CSI300 index rose 0.7% to 3,819.60 at the end of the morning session, while the Shanghai Composite Index gained 0.5% to 2,897.14.
The Hang Seng index added 0.5% to 26,173.59, while the Hong Kong China Enterprises Index gained 0.6% to 10,185.45.
The Trump administration is still planning for a round of in-person talks between U.S. and Chinese officials in September after a constructive exchange this week between deputy-level negotiators, White House economic adviser Larry Kudlow said on Thursday.
That came after China said it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.
Healthcare firms led the gains on the mainland, with the CSI300 healthcare index rising 3.5%.
By the lunch break, market bellwether Jiangsu Hengrui Medicine surged 6.8% to a record high.
Around the region, MSCI 's Asia ex-Japan stock index was firmer by 0.09%, while Japan's Nikkei index was up 0.31%.
The yuan was quoted at 7.0938 per dollar, 0.15% weaker than the previous close of 7.083.
The largest percentage gainers in the main Shanghai Composite index were Henan Yinge Industrial Investment Co Ltd , up 10.07%, followed by Zhejiang CFMoto Power Co Ltd , gaining 10.03% and Flat Glass Group Co Ltd , up by 10.01%.
The largest percentage losers in the Shanghai index were Henan Thinker Automatic Equipment Co Ltd, down 7.14%, followed by Sanan Optoelectronics Co Ltd, losing 6.78% and Shanghai Feilo Acoustics Co Ltd, down by 5.88%.
The top gainers among H-shares were ENN Energy Holdings Ltd, up 5.14%, followed by China Life Insurance Co Ltd , gaining 3.97% and CSPC Pharmaceutical Group Ltd , up by 3.03%.
The three biggest H-shares percentage decliners were Byd Co Ltd, which has fallen 2.85%, Country Garden Holdings Co Ltd, which has lost 2.5% and Shenzhou International Group Holdings Ltd, down by 2.3%.
As of 0416 GMT, China's A-shares were trading at a premium of 29.61% over the Hong Kong-listed H-shares.

Sumber : reuters.com