Hong Kong, China shares fall after HSBC services PMI, property drags

martes 5 de agosto de 2014 00:41 GYT

* HSI -0.1 pct, H-shares -0.6 pct, CSI300 -0.4 pct

* China cement producers rise on policies to rebuild shanty towns

* Greentown China plunges on profit warning

* WH Group jumps up to 11 pct in HK debut (Updates to midday)

By Grace Li

HONG KONG, Aug 5 (Reuters) - Hong Kong and China shares slipped on Tuesday after a survey showed growth In China's services sector fell to a record low, with property developers the main underperformers.

The HSBC/Markit China services purchasing managers' index (PMI) fell to 50.0 in July, the lowest reading since November 2005 when the data collection began, indicating a recovery in the broader economy is still fragile and may need further government support.

By midday, the Hang Seng Index inched 0.1 percent lower at 24,572.63 points, while the China Enterprises Index of the top Chinese listings in Hong Kong lost 0.6 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent, while the Shanghai Composite Index was off 0.3 percent at 2,216.42 points. Both closed at their highest in almost eight months on Monday.   Continuación...