Global tech woes hit Hong Kong stocks, China down on services survey

miércoles 7 de mayo de 2014 00:46 GYT

* HSI -1.1 pct, H-shares -0.8 pct, CSI300 -0.4 pct

* Tech subindex in Hong Kong reaches four-month low

* Hong Kong property down on local demand and worries on mainland

By Natalie Thomas

BEIJING, May 7 (Reuters) - Hong Kong stocks fell on Wednesday as concerns on property and tech valuations hurt investor confidence after a U.S. tech sell-off triggered by a steep drop in Twitter's share-price.

China shares were also weak after a private survey showed that growth in the country's service sector slowed, though property stocks marginally outperformed.

By midday, the Hang Seng Index was down 1.1 percent at 21,738.66 points. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.8 percent.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was down 0.4 percent, as was the Shanghai Composite Index, at 2020.38 points.

In New York overnight, shares of Twitter fell 18 percent.   Continuación...