HK shares fall on weak global markets, protest worries; China weaker

viernes 10 de octubre de 2014 01:02 GYT

* HSI -1.6 pct, H-shares -1.7 pct, CSI300 -0.5 pct

* HK students undaunted by authorities' rejection of talks

* Mainland market in correction mode ahead of economic data

By Chen Yixin and Kazunori Takada

SHANGHAI, Oct 10 (Reuters) - Hong Kong shares slid on Friday afternoon, heading for their biggest percentage decline in two weeks on weakness in overseas markets and jitters over a possible flare up in pro-democracy protests in the city.

China's shares fell, pulling back from 20-month peaks hit the previous day, with analysts attributing the drop to investors consolidating positions after recent gains.

By midday, the Hang Seng Index dropped 1.6 percent to 23,147.81 points. If sustained, the drop would be the biggest percentage fall in two weeks. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.7 percent.

For the week, the HSI is still up 0.4 percent but the China index is down 0.4 percent.

"The Hong Kong stock market is just following the sharp decline on Wall Street," said Ben Kwong, head of research and director of KGI Asia in Hong Kong.   Continuación...