China stocks fall after stimulus hopes fade, HK down on Tencent

lunes 28 de abril de 2014 01:04 GYT

* HSI -0.4 pct, H-shares -0.1 pct, CSI300 -1.2 pct

* China president's comments dampen stimulus optimism

* Tencent down on censorship fears

* Hong Kong telecoms sector outperforms

By Natalie Thomas

BEIJING, April 28 (Reuters) - China stocks began the week with a fourth straight day of losses, shedding more than 1 percent after comments from President Xi Jinping cast doubt on hopes for further stimulus.

Hong Kong shares were also down, with index heavyweight Tencent the biggest drag on the market as investors worried that a clampdown on online video may affect future revenues.

By midday, the CSI300 index of the largest Shanghai and Shenzhen A-share listings fell 1.2 percent, while the Shanghai Composite Index slipped 1.2 percent to 2,011.43 points.

The Hang Seng Index was down 0.4 percent at 22,137.31 points. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.1 percent.   Continuación...