China stocks mixed as investors hold back before SH-HK connect launch

viernes 14 de noviembre de 2014 00:29 GYT
 

* CSI300 -0.2 pct, SSEC -0.5 pct, HSI -0.08 pct, HSCE +0.63 pct

* Investors takes profit in blue chips, but no huge money outflow

* HK weakens by oil shares after the U.S. crude futures dropped

By Chen Yixin and Pete Sweeney

SHANGHAI, Nov 14 (Reuters) - China stocks were mixed on Friday, with profit-taking in financial shares weakening mainland indexes, while Hong Kong was little changed despite weakness in oil-related shares after U.S. crude futures dropped.

The CSI300 index fell 4.13 points, or 0.16 percent, to 2,575.62 at the end of the morning session, while the Shanghai Composite Index lost 12.89 points, or 0.52 percent, to 2,472.71. The Hang Seng index added 18.29 points, or 0.08 percent, to 24,038.23.

The Hong Kong China Enterprises Index lost 68.26 points, or 0.63 percent, to 10,732.65.

Analysts said investors were growing cautious over the sustainability of the market's rapid ascent due to the upcoming launch of the Shanghai-Hong Kong stock connect programme, but there was no sign of net outflows.

"The indexes are falling mainly due to profit-taking. But I think despite becoming more wary, investors are not pulling away from the market," said Li Zheming, analyst at Datong Securities in Dalian.   Continuación...