HSI ends down 422 pts at 26,466; turnover at HK$75.4bn

    Hong Kong stocks closed sharply lower on Thursday on concerns that the US and China are unable to reach a trade deal in the short term. The blue-chip index opened down 302 points to 26,587, which marked the day high. It then saw its losses widen to 583 points and hit the day low of 26,306. 
  The Hang Seng Index ended down 422 points or 1.6% to 26,466. The H-share index fell 169 points or 1.6% to 10,450. Turnover increased to HK$75.4 billion from HK$62.5 billion on Wednesday.
  Blue chips fell across the board. HSBC (00005) fell 1% to HK$58. HKEX (00388) slipped 1.2% to HK$246.2 despite the public portion of Alibaba's (09988) IPO registered more than 40 times subscription. Tencent (00700) dropped 1.9% to HK$329.4. China Mobile (00941) shed 1.8% to HK$61. AIA (01299) dipped 1.4% to HK$76.7.
  Stocks that are exposed to US-China trade conflicts bore the brunt of selling after a newswire reported that phase one trade deal may need to wait until early next year. AAC Technologies (02018) sank 3.9% to HK$55. Sunny Optical (02382) plunged 4.2% to HK$121.4 becoming the worst blue-chip loser.
  Other trade-relevant stocks were lower. WH Group (00288) dipped 3.1% to HK$8.05. Nexteer Automotive (01316) sank 3.3% to HK$6.97. Man Wah Holdings (01999) shed 3.5% to HK$5.72. Shenzhou International (02313) declined by 2.2% to HK$103.4. Techtronic Industries (00669) softened 1.9% to HK$59.25.