China stocks fall to 2-1/2 month lows on economy worries, HK slips

jueves 26 de mayo de 2016 00:53 GYT

* CSI300 -0.9 pct; SSEC -1.0 pct; HSI -0.2 pct

* China state-owned firms' profit fell 8.4 pct in Jan-April

* China steelmakers face U.S. anti-dumping duties

SHANGHAI, May 26 (Reuters) - China stocks fell to 2-1/2 month lows on Thursday, weighing on markets across Asia, on growing worries that the economy was losing steam again after a promising start to the year.

Hong Kong stocks also retreated, with renewed concerns about a possible U.S. interest rate hike prompting investors to take profits after Wednesday's gains.

China's blue-chip CSI300 index fell 0.9 percent to 3,032.97 points by the midday break, a level not seen since mid-March, while the Shanghai Composite Index lost 1.0 percent to 2,787.72.

In Hong Kong, the Hang Seng index dropped 0.2 percent, while the Hong Kong China Enterprises Index lost 0.6 percent.

Data on Thursday showed China's state-owned firms' profits fell 8.4 percent year-on-year in the first four months of this year from a year earlier, while their debts surged 18 percent, highlighting the challenges Beijing faces as it tries to restructure the bloated state sector as the economy slows.

Industrial profit data is due out on Friday.   Continuación...