China, Hong Kong stocks slide as oil prices resume decline

martes 26 de enero de 2016 00:26 GYT

* CSI300 -1.8 pct; SSEC -2.1 pct; HSI -1.8 pct

* China's outstanding margin loans shrink for 16 days in a row

* Index heavyweights Sinopec, PetroChina and CNOOC tumble

SHANGHAI, Jan 26 (Reuters) - China and Hong Kong stocks fell on Tuesday as slides in global equity markets and oil prices resumed, rattling investors.

The CSI300 index fell 1.8 percent to 3,074.10 points by the end of the morning session, while the Shanghai Composite Index lost 2.1 percent, to 2,877.11.

In Hong Kong, the Hang Seng index dropped 1.8 percent, to 18,984.58, while the Hong Kong China Enterprises Index lost 2.5 percent, to 7,968.85.

Chang Chengwei, an analyst at brokerage Hengtai Futures, said that the China market is still struggling to find a bottom, with many investors staying out of the market after two sharp sell-offs in six months.

"Volume is getting very thin, as there is hardly any fresh inflows, and the process of deleveraging is continuing," Chang said.

China's outstanding margin loans - money investors borrow to buy stocks - had declined for 16 consecutive sessions until Jan. 22, the longest losing streak on record, with 209.3 billion yuan ($31.81 billion) worth of leveraged bets unwound during the period.   Continuación...