China stocks dip as investors count down to extended holidays; HK flat

viernes 23 de septiembre de 2016 00:47 GYT
 

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

* China stock market will be suspended Oct 1-9

* China property stocks give back much of Thursday's gains

SHANGHAI, Sept 23 (Reuters) - China stocks stepped back on Friday, failing to build on robust gains the previous day as many investors sat on their hands ahead of the long National Day holiday that begins Oct 1.

Hong Kong stocks were little changed, as the upbeat mood stirred by Federal Reserve's inaction on rates began to fade.

China's blue-chip CSI300 index fell 0.3 percent, to 3,282.84 points by lunch break, while the Shanghai Composite Index lost 0.1 percent, to 3,039.62 points.

"Many investors are not in a mood to trade ahead such a long holiday," said Wang Yu, analyst at Pacific Securities.

China's stock market will be suspended on Oct 1 and resume trading on Oct 10 for the National holidays, according to an exchange notice.

"On the economic front, there's not much encouraging data that entices investors into the market," Wang said.   Continuación...