Weak manufacturing data triggers Hong Kong selloff, mainland shares down

lunes 5 de mayo de 2014 00:32 GYT

* HSI -1.5 pct, H-shares -1.1 pct, CSI300 -1.0 pct

* PMI contraction triggers across-board HK selloff

* Mainland and Hong Kong property down on Vanke comments leak

By Natalie Thomas

BEIJING, May 5 (Reuters) - Hong Kong shares were down sharply on Monday after a private survey showed mainland manufacturing contracting for a fourth straight month, triggering a selloff across the board.

Mainland shares also fell, with property counters an added drag after leaked comments from a top real estate executive spread pessimism in the industry, though overall losses were partly mitigated by gains in rail stocks.

By midday, the Hang Seng Index was down 1.5 percent at 21,917.39 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 1.0 percent, while the Shanghai Composite Index was down 0.7 percent at 2011.54 points.

The HSBC/Markit purchasing managers' index (PMI) for April came in at 48.1 on Monday, lower than a preliminary reading of 48.3, though was up slightly from an eight-month low of 48.0 in March.   Continuación...