Hong Kong shares tumble on Fed concern, China falls on premier's comment

miércoles 10 de septiembre de 2014 01:00 GYT
 

* HSI -1.8 pct, H-shares -2.2 pct, CSI300 -0.9 pct

* Chinese financials down on disappointing remarks

* Tencent falls to a 7-week low ahead of Alibaba IPO

* China telecoms sink after mainland misses iPhone 6 first launch (Updates to midday)

By Grace Li and Chen Yixin

HONG KONG/SHANGHAI, Sept 10 (Reuters) - Hong Kong suffered their worst fall in months early on Wednesday, as concerns that the Federal Reserve could raise interest rates sooner than expected triggered a sell-off across the board.

China shares also had losses on economic worries, with investors discouraged by Premier Li Keqiang's comment that China cannot rely on loose credit to lift its economy. Li added it is difficult for the country to avoid short-term fluctuations in growth.

At midday, the Hang Seng Index was down 1.8 percent at 24,736.63 points and appeared on track for a fourth straight daily loss. The China Enterprises Index of the top Chinese listings in Hong Kong shed 2.2 percent.

If the losses hold, Wednesday will be the worst day for both indexes since Feb. 4.   Continuación...