CORRECTED-China shares slip on weaker airlines, media firms; Hong Kong lacklustre

martes 26 de agosto de 2014 01:34 GYT

(Corrects second-to-last paragraph to say that Sunac China is not a shareholder in Greentown China)

* HSI -0.1 pct, H-shares +0.2 pct, CSI300 -0.4 pct

* Greentown, Sunac rise after earnings reports

* Chinese power sector strong on hopes for reform benefits

By Grace Li

HONG KONG, Aug 26 (Reuters) - China shares fell again on Tuesday as investors sold recent outperformers ahead of a deluge of initial public offerings (IPOs), while the Hong Kong market was tepid with its benchmark index hovering around a more than six-year high.

At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index each were down 0.4 percent. The Shanghai benchmark stood at 2,219.52 points. Both swung between negative and positive territory in morning trade.

The Hang Seng Index, which closed on Monday at its highest since May 2008, was 0.1 percent lower at 25,134.96 points. The China Enterprises Index of the top Chinese listings in Hong Kong was the only major index with gains at midday, edged up 0.2 percent.

For now, Hong Kong "is locked in a narrow range," said Linus Yip, strategist at First Shanghai Securities. "It has a good chance to go higher after the consolidation."   Continuación...