May 22 (Reuters) - Hong Kong stocks edged higher on Wednesday, but gains were capped by rising trade...View MoreMay 22 (Reuters) - Hong Kong stocks edged higher on Wednesday, but gains were capped by rising trade worries following reports that the United States could blacklist another Chinese tech firm.
** The Hang Seng index rose 0.2%, to 27,705.94
points, while the China Enterprises Index lost 0.3%, to 10,604.55 points.
** The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports
show, deepening worries that trade friction between the world's top two economies could
be further inflamed.
** That came after the U.S. Commerce Department blocked Huawei Technologies Co Ltd from buying U.S.
goods last week.
** Beijing is ready to resume trade talks with Washington, China's ambassador
to the United States Cui Tiankai said, as a top U.S.
business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war.
** Around the region, MSCI's Asia ex-Japan stock index
was firmer by 0.17%, while Japan's Nikkei index closed up 0.05%.
** The yuan was quoted at 6.906 per U.S. dollar at 08:18 GMT, 0.05% weaker than the previous close of 6.9028.
** The top gainers among H-shares were Huatai Securities
Co Ltd, up 1.94%, followed by China Tower Corp Ltd ,
gaining 1.69%, and China Telecom Corp Ltd, up by
0.77%.
** The three biggest H-shares percentage decliners were Shenzhou International Group Holdings Ltd, which was down 1.83%,
Hengan International Group Company Ltd, which fell 1.7%,
and China Communications Construction Co Ltd , down by 1.5%.
** About 1.76 billion Hang Seng index shares were traded, roughly 98.9% of
the market's 30-day moving average of 1.78 billion shares
a day. The volume traded in the previous trading session was 2.30 billion.
** At close, China's A-shares were trading at a premium of 24.31% over Hong Kong-listed H-shares.
(Reporting by the Shanghai Newsroom; Editing by Subhranshu Sahu)
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May 22 (Reuters) - Hong Kong stocks edged higher on Wednesday, but gains were capped by rising trade...View More