China shares fall on profit-taking, HK up on Wall St cues

jueves 9 de octubre de 2014 01:00 GYT

* HSI +0.9 pct, H-shares +0.7 pct, CSI300 -0.6 pct

* Investors take profit after index hits 20-month high

* Market players lack confidence over upcoming economic data

* HK shares gain in response to U.S. stocks after Fed minutes

By Chen Yixin and Kazunori Takada

SHANGHAI, Oct 9 (Reuters) - China shares retreated on Thursday as investors booked profits after a key index hit a 20-month high the previous day and ahead of major economic data next week.

The Shanghai Composite Index fell 0.6 percent to 2,369.3043 points by midday, off its highest level since February 2013 hit on Wednesday. The CSI300 of the leading Shanghai and Shenzhen A-share listings dropped 0.6 percent.

The Hang Seng Index gained 0.9 percent to 23,477.84 points, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 0.7 percent.

"The main reason behind the fall is profit-taking by many institutions," said Tian Weidong, head of research at Kaiyuan Securities in the city of Xi'an.   Continuación...