China stocks fall on economy worries, Hong Kong steady

jueves 20 de noviembre de 2014 01:09 GYT

* HSI +0.1 pct, HSCE +0.1 pct, CSI300 -0.1 pct, SSEC -0.1 pct

* Profit-taking continues, weak data adds to econ worries

* Sluggish demand from HK on mainland shares

HONG KONG/SHANGHAI, Nov 20 (Reuters) - China shares fell on Thursday on fresh worries over the cooling economy and as profit-taking pressure persisted after the launch of a landmark Hong Kong-Shanghai trading link.

Growth in China's vast factory sector stalled in November, with output contracting for the first time in six months, a private survey showed.

At midday, the Shanghai Composite Index was down 0.1 percent at 2,448.6 points. The CSI300 index of the largest listed companies in Shanghai and Shenzhen also fell 0.1 percent.

Hong Kong's Hang Seng Index edged up 0.1 percent to 23,388.95 after falling for three straight sessions. The China Enterprises Index of top Chinese listings in Hong Kong also inched up 0.1 percent.

Investors on the mainland have been offloading shares which had risen in the run-up to the launch of the so-called Shanghai-Hong Kong stock connect on Monday, and foreign investors have so far shown lukewarm interest in Chinese shares.

"Further uptakes of A-shares will be much slower as the excitement around the stock connect was exhausted on the debut day," said Du Changchun, analyst at Northeast Securities in Shanghai.   Continuación...