Hong Kong, China shares slip ahead of official PMI, parliamentary meetings

viernes 28 de febrero de 2014 00:43 GYT
 

* HSI -0.3 pct, H-shares -0.8 pct, CSI300 -0.6 pct

* HK indexes headed for 1st monthly gain in three

* Sinopec down after company denies chairman's comments on more reforms

* Sun Art hit 1-1/2-year low ahead of 2013 earnings

By Clement Tan

HONG KONG, Feb 28 (Reuters) - Hong Kong shares fell on Friday afternoon, with mainland markets also weaker, as investors cut their exposure in cyclical outperformers ahead of a manufacturing survey and a key China parliamentary meeting next week.

Key benchmark indexes are still down on the year, with markets nervously awaiting China's official manufacturing purchasing managers' index (PMI) for February due on Saturday, after January showed a dip to an eight-month low.

The yuan's slide this week has also inflamed anxiety around policymakers' intentions.

"Hong Kong has held up pretty well heading into the annual parliamentary meetings next week in Beijing," said Jackson Wong, Tanrich Securities' vice-president for equity sales. "   Continuación...