Xiamen Tungsten：Hong Kong shares end down 0.30%

HONG Kong shares have ended 0.30 per cent lower, following the release of weak US employment and manufacturing data, and figures showing a slowdown in China's industrial production.

The benchmark Hang Seng Index on Thursday shed 68.71 points to end at 22,668.30 on turnover of HK$56.21 billion ($A7.08 billion).

On Wednesday, US markets fell after separate reports showed that job growth eased to its slowest level in seven months in April and that manufacturing activity had slowed sharply in the same month.

The data came as the US Federal Reserve gave a tepid economic outlook at the close of its two-day monetary policy meeting, and a day after official figures recorded a drop in China's closely watched purchasing managers' index.

China's PMI was down from 50.9 in March to 50.6 in April, the government said on the May Day holiday, in a sign of further weakness in the world's second largest economy.
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Separate data from British bank HSBC showed its final reading of PMI for April stood at 50.4, down from 51.6 in March.

"The readings of both official and HSBC PMIs are further evidence that China's growth momentum is weakening, but much of that had been priced in losses before the holiday," Zheshang Securities analyst Zhang Yanbing told Dow Jones Newswires.

Macau casino operators were some of the main companies listed in Hong Kong to see shares fall, as profits were taken following a rally last week.

Sands China slid 1.1 per cent to $HK40.25 while Galaxy Entertainment dropped 3.6 per cent to $HK33.50. Last week, their stocks rose 8.2 per cent and 10.0 per cent respectively.

Computer group Lenovo fell 2.7 per cent to $HK6.90, weighed by reports that talks with IBM to buy part of the US company's server business had broken down.

Chinese shares ended down 0.17 per cent. The benchmark Shanghai Composite Index fell 3.79 points to 2,174.12 on turnover of 59.9 billion yuan ($A9.48 billion).

Resources shares led the declines on weaker global prices.

Kailuan Clean Coal slumped by its 10 per cent daily limit to 9.61 yuan while Yanzhou Coal Mining fell 7.05 per cent to 14.10 yuan.

Xiamen Tungsten lost 6.14 per cent to 29.50 yuan while Rising Nonferrous Metals dropped 5.40 per cent to 44.28 yuan.

 

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