China shares fall on weak property, Hong Kong also down

miércoles 19 de marzo de 2014 00:59 GYT
 

* HSI -0.2 pct, H-shares -0.3 pct, CSI300 -1.6 pct

* Chinese property falls on fear of risk of developer default

* Samsonite up 10.6 pct on 2013 profit report (Updates to midday)

By Alice Woodhouse and Chen Yixin

HONG KONG/SHANGHAI, March 19 (Reuters) - Chinese shares fell on Wednesday, dragged down by the property sector after the central bank denied it was part of talks about helping an ailing real-estate developer.

Problems at unlisted Zhejiang Xingrun Real Estate Co. are hurting Chinese property shares on the mainland and in Hong Kong.

By midday, the CSI300 of the largest Shanghai and Shenzhen A-share listings fell 1.6 percent, while the Shanghai Composite Index was down 0.9 percent at 2,2006.20 points.

The Hang Seng Index was down 0.2 percent at 21,549.49 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent.

In Hong Kong, many investors stayed on the sidelines ahead of a statement following a US Federal Reserve meeting, due early Thursday Asia time.   Continuación...