China shares set to snap 3 weeks of gains, Hong Kong weaker too

viernes 6 de junio de 2014 00:51 GYT

* HSI -0.3 pct, H-shares -0.2 pct, CSI300 -1.0 pct

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* Prada tumbles to lowest since August 2012 as Q1 sales fall

* Qingdao Port dips below offering price in HK debut (Updates to midday)

By Grace Li

HONG KONG, June 6 (Reuters) - China shares fell and could post their first weekly loss in four, as investors pull money out of the market while awaiting direction from major economic data in the coming week.

Hong Kong's benchmark index was up half a percent when it opened, lifted by the European Central Bank's latest stimulus package, but gains were reversed in late trade as losses accelerated in markets on the China mainland.

The ECB boosted Europe and U.S. markets on Thursday by cutting interest rates to record lows and launching a series of measures to pump money into the sluggish euro zone economy.

By midday, the Hang Seng Index was down 0.3 percent at 23,051.07 points, while the China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.2 percent.   Continuación...