China shares set for biggest weekly fall in 4 months on economy worries

viernes 17 de octubre de 2014 00:45 GYT

* HSI +0.1 pct, H-shares -0.3 pct, CSI300 -0.6 pct

* China shares fall on econ worries, liquidity situation

* Hong Kong rebounds, cheered by casinos

By Kazunori Takada

SHANGHAI, Oct 17 (Reuters) - China shares fell by midday on Friday, on track for their biggest weekly decline in four months, hit by worries over the economy as well as expected tightness in liquidity ahead of a slew of new share offerings.

Hong Kong shares rebounded slightly, tracking a recovery in global markets, as casino stocks gained on upbeat earnings.

The market has entered a correction phase after rising more than 10 percent during the July-September quarter, analysts said.

"I expect this correction phase will be a bit longer than usual as worries over the economy are still overwhelming," said Xiao Shijun, an analyst at Guodu Securities in Shanghai.

The Shanghai Composite Index fell 1.1 percent to 2,331.4 points by midday while the CSI300 of the leading Shanghai and Shenzhen A-share listings also shed 0.6 percent.   Continuación...