Hong Kong, mainland shares weak as economy jitters remain

viernes 9 de mayo de 2014 01:01 GYT

* HSI +0.03 pct, H-shares -0.5 pct, CSI300 -0.3 pct

* CSI property subindex down 1.7 pct on slowdown fears

* Hong Kong-listed mainland telcos fall on venture questions

By Natalie Thomas

BEIJING, May 9 (Reuters) - Mainland stocks fell on Friday and Hong Kong was flat, leaving major indexes on course for weekly losses as fears about a slowdown in China continue to hurt investor confidence.

On the day, mainland stocks were trimmed by inflation data that implied tepid demand, while volatility in telecoms shares was a drag on the Hong Kong indexes. A sell-off in Great Wall Motor shares impacted mainland and Hong Kong indexes.

At midday, the Hang Seng Index was flat at 21,837.12 points, and down 1.9 percent on the week. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.5 percent for the day.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was off 0.3 percent on Friday, as was the Shanghai Composite Index. The Shanghai benchmark was at 2015.27 points, down 0.9 percent on the week.

Data for data for April showed China's consumer prices rose at their slowest rate in 18 months, while producer deflation persisted, underscoring sluggish demand in the world's second-largest economy.   Continuación...