China stocks cool off on profit-taking, Hong Kong up on inflows

viernes 5 de diciembre de 2014 00:59 GYT

* CSI300 -0.6 pct, SSEC -0.6 pct, HSI +0.7, HSCE +1.1 pct

* Property shares drag down market, but brokerages limit damage

* A-H share premium index hovers near 18-month high

By Chen Yixin and John Ruwitch

SHANGHAI, Dec 5 (Reuters) - Chinese stocks slipped early Friday, but the fall was checked by soaring brokerage shares and a key index could produce its best week this year as small investors stayed bullish.

The main indices both rose over 2 percent before investors booked profits, particularly on property shares that earlier surged on speculation Beijing would ease policy further.

At the end of the morning, the CSI300 index was off 0.6 percent at 3,084.98 points and the Shanghai Composite Index also lost 0.6 percent, to 2,881.28 points.

The Nasdaq-style ChiNext Composite Index of mostly high tech startups listed in Shenzhen slumped 3.3 percent.

"There is strong profit-taking pressure, with the index set to hit 3,000 points and after such a big jump," said Zhang Yanbin, analyst at Zheshang Securities in Shanghai.   Continuación...