China stocks slip at midday, pulled down by financial stocks

miércoles 11 de noviembre de 2015 00:46 GYT
 

* CSI300 -0.7 pct; SSEC -0.4 pct; HSI flat

* Financials weigh on indices

* Tencent up sharply after earnings

SHANGHAI, Nov 11 (Reuters) - China's benchmark indexes fell early Wednesday, as financial stocks were broadly down in what traders said was mostly a technical correction after the past week's solid performance.

"Investors took profits after the rally in securities shares," said Guo Yanling, an analyst at Shanghai Securities in Shanghai.

In Hong Kong, strong third quarter results helped social network and mobile technology firm Tencent Holdings offset falls of other counters, leaving the Hang Seng Index unchanged at 22,397.04 points.

The CSI300 index fell 0.7 percent, to 3,805.49 points at the end of the morning session, and the Shanghai Composite Index lost 0.4 percent, to 3,625.12 points.

China CSI300 stock index futures for November fell 0.4 percent, to 3,762.6, or 42.89 points below the current value of the underlying index.

In Hong Kong, Tencent was up 2.2 percent. On Tuesday evening, it released third quarter results that beat expectations.   Continuación...