China shares flat but ChiNext rebounds on signs of foreign interest

martes 2 de agosto de 2016 00:35 GYT

* CSI300 -0.1 pct; SSEC flat; Hong Kong market suspended

* Tighter regulations curb risk appetite - analyst

* ChiNext shares rebound on foreign buying

SHANGHAI, Aug 2 (Reuters) - China's main share indexes were roughly flat on Tuesday morning as trading remained thin, reflecting weak risk appetite brought on by a gloomy economic outlook, tighter regulatory environment, and a flood of new initial public offerings.

Trading in Hong Kong's securities market has been suspended as Typhoon Nida swept through the city, shutting down most of the financial hub.

China's blue-chip CSI300 index fell 0.1 percent, to 3,174.51 points by lunch break, while the Shanghai Composite Index was unchanged at 2,954.13 points.

The market is trading near one-month lows as investors digest a slew of company results that has so far painted a mixed picture of the economy - the brokerage and insurance sectors have posted big drops in first-half profit, but the chemicals industry has shown signs of bottoming out.

In addition to lingering economic concerns, investors are also worried about market liquidity as regulators step up their crackdown on speculative trading while nine companies launch initial public offers this week.

"Regulators have tightened supervision recently ... with the aim of curbing asset bubbles, and guiding capital into the real economy," brokerage Guangzheng Hang Seng wrote in a report.   Continuación...