China shares fall, affecting Hong Kong market, as money exits blue-chips

jueves 17 de julio de 2014 00:57 GYT
 

* HSI -0.2 pct, H-shares -0.4 pct, CSI300 -0.8 pct

* Sands China down to 3-week low as Q2 earnings disappoint

* PetroChina drops after report on detention of two executives

* Kunlun Energy jumps 6.1 percent to one-month high (Updates to midday)

By Grace Li

HONG KONG, July 17 (Reuters) - China shares slid on Thursday, pulling down Hong Kong markets, as investors moved from blue-chips to some beaten-down growth stocks and keep money aside for new initial public offerings (IPOs).

At midday, the Hang Seng Index was down 0.2 percent at 23,468.21 points, after rising the previous three sessions. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index both fell 0.8 percent. The Shanghai benchmark stood at 2,050.59 points.

"Although the overall economy and liquidity condition are improving, there's still a lack of confidence for investors to put more funds into the A-share markets," said Guo Yanling, senior analyst at Shanghai Securities.   Continuación...