China stocks edge down on profit-taking, Hong Kong eases

lunes 22 de agosto de 2016 00:59 GYT
 

* SSEC -0.6 pct, CSI300 -0.6 pct, HSI -0.3 pct

* China's infrastructure, transport shares fall on profit-taking

* Property shares outperform, Vanke supports

BEIJING, Aug 22 (Reuters) - China stocks were dragged by infrastructure and transportation shares as some investors took profit on Monday, but the property market stayed buoyant, while Hong Kong shares eased slightly.

The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.6 percent, to 3,343.61 points at the end of the morning session, while the Shanghai Composite Index lost 0.6 percent, to 3,088.37 points.

Analysts said they expected further capital inflows to boost sentiment over the long run, supported by broader access to China's stock markets.

Zhang Qi, senior analyst at Haitong Securities in Shanghai, said trading was muted on Monday but he expects the upcoming launch of the Shenzhen-Hong Kong stock connect to attract some foreign capital into companies listed in Shenzhen.

"The market is quite stable and bland today despite some slight falls in the indexes and trading volumes. We have seen such a trend over the past few days and (I expect to see the trend) extend in the near term," Zhang said, adding that blue-chip stocks were also trading narrowly.

China CSI300 stock index futures for September fell 0.7 percent, to 3,311.2, 32.41 points below the current value of the underlying index.   Continuación...