Hong Kong, China shares slip as Wall Street cools off

jueves 12 de junio de 2014 00:44 GYT
 

* HSI -0.1 pct, H-shares -0.7 pct, CSI300 -0.4 pct

* Chinese port-related shares up on plan for Yangtze River area

* Property shares decline in mainland, Hong Kong (Updates to midday)

By Grace Li

HONG KONG, June 12 (Reuters) - Hong Kong slipped on Thursday, joining other Asian markets after Wall Street stepped back from record levels.

China shares edged down as optimism brought by Beijing's mini-stimulus measures faded, though port shares outperformed after the State Council detailed a plan to develop an economic zone along the country's longest waterway.

At midday, the Hang Seng Index had inched down 0.1 percent to 23,226.21 points. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.7 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent, while the Shanghai Composite Index slipped 0.2 percent at 2,050.27 points.

"Sector rotation is driving the Hong Kong market. People are reshuffling their portfolios, probably because of the quarter-end approaching," said Alex Wong, director of asset management at Ample Finance Group.   Continuación...