China shares fall on economy worries, Sinopec leads Hong Kong's drop

lunes 15 de septiembre de 2014 00:59 GYT
 

* HSI -0.8 pct, H-shares -1.6 pct, CSI300 -0.5 pct

* Slew of weaker-than-expected economic data spark worries

* Sinopec to sell retail stake in privatisation push

By Chen Yixin and Donny Kwok

SHANGHAI/HONG KONG, Sept 15 (Reuters) - China shares fell early Monday on worries rooted in a slew of weaker-than-expected economic data, while Sinopec Corp led a bigger slide in the Hong Kong market.

The CSI300 of the leading Shanghai and Shenzhen A-share listings declined 0.5 percent. The Shanghai Composite Index fell 0.2 percent at 2,327.60 points.

Over the weekend, China released a data batch that showed softness in China's factory output, retail sales and urban investment, which added to concerns about the health of the world's second-largest economy.

"The weak data adds great pressure to the market today," said Du Changchun, an analyst at Southeast Securities in Shanghai.

"But investors have high expectations of policy implementation and China's reform, which will not allow the market to drop too much."   Continuación...