China stocks down on property, tech weakness; Hong Kong firmer

martes 12 de abril de 2016 00:39 GYT
 

* CSI300 -0.7 pct; SSEC -0.7 pct; HSI +0.2 pct

* China economy shows positive signs but pressure persists-premier

* China index dragged lower by property, IT shares

SHANGHAI, April 12 (Reuters) - China's main stock indexes edged down on Tuesday morning, dragged lower by property and tech shares, as investors took profit from the previous session's more than 1 percent rally.

But Hong Kong shares were firm, taking cues from some buoyant markets in the region such as Japan.

The blue-chip CSI300 index fell 0.7 percent, to 3,208.95 points by the lunch break, while the Shanghai Composite Index also lost 0.7 percent, to 3,014.20 points.

In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added 0.2 percent.

Chinese Premier Li Keqiang said on Monday that the country's economy has shown more positive signs but downward pressures still persist, vowing to take steps to deal with overcapacity.

Such positive signs in the economy has helped fuel a six-month rally in Chinese stocks, but with the main index having rebounded roughly 14 percent from its February low, investors are getting cautious.   Continuación...