Hong Kong, China shares fall as large caps weaken

miércoles 19 de noviembre de 2014 01:07 GYT

* HSI -0.29 pct, HSCE -0.27 pct, CSI300 -0.06 pct, SSEC -0.21 pct

* Large caps, such as PetroChina, ICBC fall on profit-taking

* Media stocks outperform on Huayi Brothers investment news

HONG KONG/SHANGHAI, Nov 19 (Reuters) - Hong Kong and mainland Chinese shares eased on Wednesday, pressured by profit-taking in large-cap stocks and further pressure on energy counters as oil prices extended their slide.

By midday, the Hang Seng Index was down 0.3 percent at 23,462.1 points. The China Enterprises Index of the top Chinese listings in Hong Kong also dropped 0.3 percent.

In the mainland, the CSI300 index was down 0.1 percent at 2,539.9 points, while the Shanghai Composite Index lost 0.2 percent to 2,451.2 points.

Hong Kong shares fell for the third consecutive day after Monday's highly-anticipated launch of the landmark Shanghai-Hong Kong stock connect scheme.

Announced in April, the plan had once pushed large caps sharply higher on expectations of fresh cash inflows, but analysts and traders said the initial response has been weaker than previously expected.

Only around 10 percent of the daily northbound quota had been used by midday and about 1 percent of the southbound quota.   Continuación...