China stocks sag ahead of long holiday; HK follows Asian markets lower

miércoles 28 de septiembre de 2016 00:42 GYT

* SSEC -0.3 pct, CSI300 -0.2 pct, HSI -0.6 pct

* China investors cautious ahead of long holiday

* China property shares firm despite fresh gov curbs

SHANGHAI, Sept 28 (Reuters) - China stocks sagged on Wednesday in thin trading, as investors' risk appetite continued to wane ahead of the week-long National Day holiday that starts on Oct 1.

Hong Kong shares followed Asian markets lower, giving back some of Tuesday's gain, that partly stemmed from assessments that Democrat Hillary Clinton won the first presidential debate. Many investors regard her rival, Republican candidate Donald Trump, as a potential source of uncertainty for the global economy given his stance on trade issues.

China's blue-chip CSI300 index fell 0.2 percent, to 3,234.51 points by the lunch break, while the Shanghai Composite Index lost 0.3 percent, to 2,989.70 points.

Many investors are reluctant to stake positions ahead of the upcoming holiday, which will see China's stock market closed all next week.

Reflecting lower risk apatite, trading turnover in Shanghai has shrunk, while outstanding margin financing hit its lowest in 1-1/2 months.

Recent economic data has shown signs of recovery in China's economy. Industrial sector profits jumped 20 percent in August, the best showing in three years, while a Reuters poll showed manufacturing sector activity likely expanded modestly for a second straight month in September.   Continuación...