China stocks fall as trade tensions hit EV stocks; tech shares lead HK higher
SHANGHAI, Aug 22 (Reuters) -China stocks fell on Thursday in thin trading, as gains in banking and property stocks were weighed down by declines in consumer and electric vehicle stocks in a sign of weak confidence amid simmering trade tensions.
Hong Kong shares rose, powered by the tech sector .HSTECH as Xiaomi 1810.HK surged on stellar results, lifting sentiment.
** By the midday break, the Shanghai Composite index .SSEC slipped 0.04% at 2,855.56 points. China's blue-chip CSI 300 index .CSI300 was down 0.13%.
** The Hang Seng Index .HSI was up 0.4% at 17,460.54.
** Most Chinese EV makers .CSI399976 fell as Brussels published its revised tariff plan for China-made EVs, potentially making the provisional penalties definitive. An index tracking EVs .CSI930997 fell 0.7%.
** Meanwhile, stocks linked to China's widely popular video game "Black Myth: Wukong" slumped after surging over the past week. Huayi Brothers 300027.SZ tumbled 11% in the morning.
** In Hong Kong, shares of Xiaomi 1810.HK jumped 8% to the highest level in three months. The company on Wednesday reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit's contribution of 6.2 billion yuan ($869.2 million).
** By the midday break, China's financial sector sub-index .CSI300FS was up 0.38% and the real estate index .CSI000952 rose 1.14%, while consumer staples .CSI000912 and healthcare sub-index .CSI300HC fell 1.39% and 0.23% respectively.
** The smaller Shenzhen index .SZSC was down 0.52%, the start-up board ChiNext Composite index .CNT was weaker by 0.48% and Shanghai's tech-focused STAR50 index .STAR50 was down 0.66%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.02% while Japan's Nikkei index .N225 was up 0.44%.
** The yuan CNY=CFXS was quoted at 7.1326 per U.S. dollar, 0.04% weaker than the previous close of 7.13.
** So far this year, the Shanghai stock index is down 4% and the CSI 300 has fallen 3.3%, while China's H-share index listed in Hong Kong is up 6.7%.
Reporting by Shanghai Newsroom; Editing by Varun H K
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