Tencent drags Hong Kong, China shares after c.bank halts some mobile payments

viernes 14 de marzo de 2014 01:23 GYT
 

* HSI -1.0 pct, H-shares -0.8 pct, CSI300 -0.5 pct

* Hong Kong shares heading for worst week since May 2012

* New World Development falls to 21-month low after rights issue

By Alice Woodhouse and Chen Yixin

HONG KONG/SHANGHAI, Mar 14 (Reuters) - Hong Kong shares fell on Friday, dragged down by index heavyweight Tencent Holdings Ltd after the Chinese central bank called for a halt to certain types of mobile payments, causing a slide in online-payment-related stocks in China.

China shares dropped and hovered around two-month lows as nerves over the latest economic data stoked concerns of a slowing Chinese economy.

By midday, the Hang Seng Index was down 1 percent at 21,541.04 points. On the week, it has fallen 4.9 percent and is heading for its largest weekly loss since May 2012.

The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.8 percent and has fallen 4.7 percent for the week, its largest weekly loss since June 2013.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings fell 0.5 percent, while the Shanghai Composite Index was down 0.5 percent at 2,008.36 points. On the week, they have fallen 1.7 percent and 2.4 percent, respectively.   Continuación...