China stocks fall after flood of IPO approvals, Hong Kong weak

jueves 11 de diciembre de 2014 00:51 GYT

* CSI300 -0.8 pct, SSEC -0.6 pct, HSI -1.2 pct, HSCE -1.5 pct

* New 12 IPOs raise concerns over market liquidity

* But indexes may reverse after PBOC eases lending restrictions

* Trading volumes have slid sharply since record high this week

By Chen Yixin and Pete Sweeney

SHANGHAI, Dec 11 (Reuters) - China stocks fell on Thursday on concerns over market liquidity after a slew of new listings were approved, and trading volumes continued to plummet from an all-time high on Dec 9.

China's securities regulator approved ahead of schedule 12 IPOs late on Wednesday, a move which could cool a blistering rally in the country's stock markets which has seen the benchmark CSI index surge over 30 percent in two weeks.

The CSI300 index fell 0.8 percent to 3,195.24 points at the end of the morning session, while the Shanghai Composite Index lost 0.6 percent, to 2,921.70 points.

China's CSI300 stock index futures for December fell 2.1 percent, to 3,204.6, a spread of 9.4 points versus the current value of the underlying index.   Continuación...