China shares fall on IPO worry; HK shares propped up by earnings

miércoles 20 de agosto de 2014 01:10 GYT
 

* HSI flat, H-shares -0.5, CSI300 -0.3 pct

* 11 Chinese firms to launch IPOs, could dilute valuations

* Earnings performance, strong global market boost HK

* New stock account openings at 4-mth high

By Chen Yixin and Pete Sweeney

SHANGHAI, Aug 20 (Reuters) - China's stock indexes fell slightly by midday on Wednesday, on worries that upcoming initial public offerings (IPOs) will tax market liquidity even as investors look to take profits from a rise in large-cap shares.

Hong Kong stocks, however, found some support on positive earnings results from index majors and strong performance in offshore equity markets.

By midday, the CSI300 index of leading Shanghai and Shenzhen A-share listings was down 0.3 percent. The Shanghai Composite fell 0.1 percent to 2,242.96 points.

In Hong Kong, the HSI index edged up 0.01 percent to 25,124.73 points, with the China share sub-component 0.5 percent lower at 11,040.16 points.   Continuación...