China shares flat as bluechip falls offset small-cap gains; Hong Kong down

martes 20 de octubre de 2015 00:43 GYT
 

* CSI300 +0.1 pct; SSEC -0.1 pct; HSI -0.5 pct

* ChiNext index is up 35 pct from its mid-Sept low

* Sinosteel unit falls after interest payment delay

SHANGHAI, Oct 20 (Reuters) - China stocks ended Tuesday morning roughly flat as robust gains in tech-heavy small-caps offset weakness in cyclical stocks such as banking and real estate.

The blue-chip CSI300 index edged up 0.1 percent, to 3,536.73 points by lunch time, while the Shanghai Composite Index dipped 0.1 percent, to 3,383.75 points.

But the start-up board ChiNext rose 1.9 percent, and has now rebounded 35 percent from its mid-September low. The benchmark indexes have gained roughly 13 percent during the same period.

Hong Kong stocks retreated on Tuesday, showing signs of fatigue following three consecutive weekly gains.

The Hang Seng index dropped 0.5 percent, to 22,964.98 points, and the Hong Kong China Enterprises Index lost 0.8 percent, to 10,603.74.

China data released on Monday - including better-than-expected third-quarter economic growth of 6.9 percent - eased angst about a hard landing and offered some evidence of success in China's economic restructuring.   Continuación...