China, Hong Kong shares slide as bank and casino stocks retreat

martes 17 de junio de 2014 00:56 GYT

* HSI -0.6 pct, H-shares -0.6 pct, CSI300 -0.8 pct

* Chinese banks pull back after a rally on Monday

* Vanke slumped to 3-week low ahead of May housing data

* Macau casinos weaker, hit by shorter permitted stay for Chinese tourists (Updates to midday)

By Grace Li

HONG KONG, June 17 (Reuters) - Shares in Hong Kong and China fell on Tuesday as investors took profits in banking sectors following a strong rally in the previous two sessions.

Sentiment was also dampened by weak data from China.

The amount of new foreign investment China attracted in May shrank by the most in 16 months, hurt partly by its cooling economy, though the trade ministry said the outlook may be brightening for exporters.

By midday, the Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong were each off 0.6 percent. The HSI finished the morning session at 23,170.29 points.   Continuación...