China stock fall despite property easing; HK dragged lower by energy, insurers

miércoles 3 de febrero de 2016 00:21 GYT
 

* CSI300 -1.1 pct; SSEC -1.2 pct; HSI -2.5 pct

* New property easing will not spur investment-analyst

* Hong Kong insurance plays tumble on China purchase restrictions

SHANGHAI, Feb 3 (Reuters) - China share markets resumed their slide on Wednesday morning, as investors, unconvinced that fresh easing in the property sector could revive the economy, took advantage of Tuesday's 2 percent rebound to reduce their exposure.

Hong Kong shares tumbled, led by the energy sector amid renewed declines in oil prices, and insurance heavyweights after Beijing imposed limits on purchases of insurance products in the city by mainlanders using bank cards.

China's blue-chip CSI300 index fell 1.1 percent to 2,929.71 points by the lunch break, while the Shanghai Composite Index lost 1.2 percent, to 2,717.50 points.

In Hong Kong, the Hang Seng index dropped 2.5 percent, to 18,963.40 points, while the Hong Kong China Enterprises Index lost 2.8 percent, to 7,834.17.

Property was the only sector on the mainland that ended morning trading in positive territory, aided by fresh government support measures.

Late on Tuesday, China said it would reduce the minimum down payment required for first- and second-time home buyers in most cities, a move aimed at clearing a housing glut.   Continuación...