China shares fall on financials and property, Hong Kong follows

lunes 19 de mayo de 2014 00:55 GYT
 

* HSI -0.4 pct, H-shares -0.8 pct, CSI300 -1.4 pct

* China April home price data dampens property sector

* Financial sector down on stricter interbank lending rules (Updates to midday)

By Grace Li and Chen Yixin

HONG KONG/SHANGHAI, May 19 (Reuters) - China shares fell on Monday as financials and property stocks fell following stiffer regulations on interbank lending and more evidence of cooling momentum in the property market.

Hong Kong shares also declined with losses mainly seen in the property and energy sectors as investors took profit on gains from last week.

By midday, the Hang Seng Index was down 0.4 percent at 22,627.27 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.8 percent.

The CSI300 of the leading Shanghai and Shenzhen listings shed 1.4 percent, while the Shanghai Composite Index lost 1.1 percent to 2,004.41 points.

Chinese banks were the biggest drag for mainland markets in the morning session, following tougher rules on interbank loans announced late on Friday.   Continuación...