China stocks slip after MSCI's decision; Hong Kong up
* CSI300 -0.5 pct; SSEC -0.5 pct; HSI +0.2 pct
* MSCI decides not to include mainland stocks into its indexes
* China market faces a fresh wave of IPOs
By Samuel Shen and Pete Sweeney
SHANGHAI, June 10 (Reuters) - China stocks fell on Wednesday morning, on investor disillusionment over MSCI's decision not to include mainland stocks into its global index and ahead of a tidal wave of new listings.
U.S. index publisher MSCI Inc said it would hold off including China-listed shares into its emerging market index due to quota, liquidity and ownership issues, but will work with Chinese regulators toward an eventual inclusion.
The news triggered an early-morning sell-off, knocking the main indexes down more than 2 percent at one point, but an ensuing burst of fresh buying helped stocks recover most of their losses.
By midday, both the CSI300 Index index and the Shanghai Composite Index were down only 0.5 percent, after managing to nudge into positive territory earlier.
Shenzhen stocks were strong, on expectation that Beijing would accelerate reforms to allow easier foreign access to the city's bourse. Continuación...