China, Hong Kong stocks fall as China industrial profit growth slows

viernes 27 de mayo de 2016 00:44 GYT
 

* CSI300 -0.3 pct; SSEC -0.3 pct; HSI -0.1 pct

* Profit growth at China's industrial firms slowed in April

* Lenovo shares fall after reporting first loss in six years

SHANGHAI, May 27 (Reuters) - China stocks slipped on Friday as April industrial profit data added to concerns that a recent pick-up in the economy may be short-lived.

Both China's blue-chip CSI300 index and the Shanghai Composite Index fell 0.3 percent, to 3,055.29 points and 2,814.03 points, respectively. They looked set to end the week fractionally lower.

Hong Kong shares also eased, despite gains in most Asian markets, with light trading indicating investor caution after Wednesday's jump of more than 2 percent.

The Hang Seng index and the Hong Kong China Enterprises Index both dipped 0.1 percent.

Many investors remained on the sidelines, worried about China's economic health and the impact of a possible U.S. rate hike next month.

Profit growth at China's industrial firms slowed in April, in line with other data for the month which suggested the economy may be losing steam again after picking up earlier in the year.   Continuación...