Hong Kong shares fall on telecoms, China down on weak manufacturing

miércoles 23 de abril de 2014 00:47 GYT

* China Mobile shares down on weak Q1 results

* Tencent up after Nasdaq rally

* Mainland IPO total rises to 65

By Natalie Thomas

BEIJING, April 23 (Reuters) - Hong Kong shares eased on Wednesday, hurt by a sell-off in telecoms shares after the mainland's biggest carrier China Mobile posted its third straight quarterly decline in profits.

Shares on the mainland were also hit by a preliminary survey showing manufacturing activity contracted for a fourth straight month in April, while the spectre of more listings also unnerved investors.

By midday, the Hang Seng Index was down 0.72 percent at 22,565.89 points. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 1.1 percent.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was down 0.3 percent, while the Shanghai Composite Index was down 0.5 percent at 2,063.57 points.

China Mobile Ltd shares fell 2.5 percent after the company posted another quarterly profit decline, with this quarter's figure the lowest in five years, as messaging apps continue to eat away at its core revenue.   Continuación...