Hong Kong, China stocks ease on profit-taking after stock connect launch
* HSI -0.75 pct, HSCE -1.02 pct, CSI300 -0.64 pct, SSEC -0.41 pct
* Profit-taking, IPOs due next week weigh on indices
* Shares of HKEx, heavyweight financials fall
HONG KONG/SHANGHAI, Nov 18 (Reuters) - Hong Kong and China shares fell on Tuesday for a second consecutive day after the debut of the landmark Hong Kong-Shanghai trading link as investors continued to lock in profits in stocks that had risen sharply ahead of the launch.
The Hang Seng Index lost 177.33 points, or 0.75 percent, to 23,619.75 at midday. The China Enterprises Index of top Chinese listings in Hong Kong fell 1 percent.
The Shanghai Composite Index dropped 0.41 percent to 2,463.76 points. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.64 percent.
"Profit-taking pressure is weighing on the index today as the market has accumulated a considerable amount of gains during the run-up to the launch," said Zhang Qi, Shanghai-based analyst at Haitong Securities, adding the correction may last two to three weeks.
Hong Kong shares have rallied nearly 15 percent since the scheme was announced in April, while Shanghai shares have risen by a quarter over that period.
"Also, a round of IPOs will be launched next week causing a short-term liquidity squeeze. Investors typically sell some stocks to get money back in order to invest in new ones," said Haitong's Zhang. Continuación...