China stocks fall in morning trade as factory survey disappoints

lunes 23 de marzo de 2015 23:03 GYT

* CSI300 -1.1 pct, SSEC - 1.1 pct

* HSI -1.3 pct

* Financials, manufacturing, real estate lead declines

SHANGHAI, March 24 (Reuters) - China stocks corrected on Tuesday morning after a private survey showed industrial activity returned to contraction in March, and investors took profits after a 9-day rally pushed major indexes to their highest levels in nearly 7 years.

The CSI300 index fell 1.0 percent, to 3,930.58 points at the end of the morning session, while the Shanghai Composite Index lost 1.0 percent, to 3,651.43 points.

Financials, manufacturing and property shares led the declines.

China CSI300 stock index futures for April fell 0.7 percent, to 3,957.8, 27.22 points above the current value of the underlying index, but longer futures contracts continued to forecast the CSI rising about 4,000 points by June.

The Hang Seng index dropped 0.4 percent, to 24,392.46 points.

The Hong Kong China Enterprises Index lost 1.3 percent, to 12,020.36.   Continuación...