Hong Kong stocks track Wall Street losses to close lower

Hong Kong stocks fell on Friday to end the week lower, tracking overnight losses on the Wall Street, and after the European Central Bank held interest rates steady unexpectedly.

** The Hang Seng index fell 0.7%, to 28,397.74, while the China Enterprises Index lost 0.7%, to 10,853.17. ** For the week, HSI lost 1.3%, while HSCE shed 0.5%.

** Wall Street shares fell from record highs on Thursday, with the S&P 500 losing 0.53%, following a flurry of downbeat quarterly results from Ford Motor and other companies. ** Investor focus was on the development in Sino-U.S. trade negotiations.

** Lead negotiators for China and the United States will meet in Shanghai on Tuesday for two days in the next round of trade talks, China's commerce ministry confirmed. ** Sectors fell across the board, led by telecoms and materials firms both declining 1.4%.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.65%, while Japan's Nikkei index closed down 0.45%. ** The yuan was quoted at 6.8789 per U.S. dollar at 08:15 GMT, 0.08% weaker than the previous close of 6.8734.

** The top gainers among H-shares were China Pacific Insurance Group Co Ltd up 0.75%, followed by China Huarong Asset Management Co Ltd, gaining 0.74% and China Cinda Asset Management Co Ltd, up by 0.57%. ** The three biggest H-shares percentage decliners were China Tower Corp Ltd, which was down 2.84%, Guangdong Investment Ltd, which fell 2.27% and SINOPHARM GROUP CO LTD, down by 2.1%.

** About 1.36 billion Hang Seng index shares were traded, roughly 100.5% of the market's 30-day moving average of 1.36 billion shares a day. The volume traded in the previous trading session was 1.00 billion. ** At close, China's A-shares were trading at a premium of 28.88% over Hong Kong-listed H-shares.