China stocks fall as resources shares slump; Hong Kong also down

viernes 22 de abril de 2016 00:26 GYT

* CSI300 -0.2 pct; SSEC -0.6 pct; HSI -1.0 pct

* Resources shares slump as China acts to cool commodities trading

* China stock on track to post biggest weekly decline in 3 months

SHANGHAI, April 22 (Reuters) - China stocks fell on Friday morning, on track to post their biggest weekly decline in three months, as resource shares tumbled after regulators moved to cool commodities trading amid signs of overheating.

Hong Kong shares also weakened, tracking regional markets, after Wall Street suffered its first loss in four sessions amid disappointing earnings from U.S. blue chip companies.

China's blue-chip CSI300 index fell 0.2 percent, to 3,153.65 points by lunch break, while the Shanghai Composite Index lost 0.6 percent, to 2,935.35 points.

China's stock market has become increasingly volatile in recent weeks as a seven-week rebound loses steam.

Lu Jie, head of China research at Robeco Asia Investment Center, attributed the rising volatility to fragile investor confidence.

"It's still very much a game between existing players. Fresh money is not coming in," Lu said.   Continuación...