Hong Kong shares slip on weakness of casinos, China stocks off too

lunes 7 de julio de 2014 00:51 GYT
 

* HSI -0.2 pct, H-shares -0.1 pct, CSI300 -0.3 pct

* China property subindex reaches 2-1/2-month high

* Chongqing Iron & Steel falls after it clarifies Posco partnership (Updates to midday)

By Grace Li

HONG KONG, July 7 (Reuters) - Hong Kong shares fell on Monday with Macau casinos under selling pressure after last week's strong rebound, while China markets were also weaker as investors await major economic data later this week.

At midday, the Hang Seng Index was down 0.2 percent at 23,494.96 points. The China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.1 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index were both off 0.3 percent. The Shanghai benchmark stood at 2,052.42 points after choppy morning trade.

"The active stocks are mainly those new listings and small caps," said Zhang Qi, a Shanghai-based analyst with Haitong Securities.

But Zhang warned about risks from speculating on small caps.   Continuación...