China stocks extend slide, Hong Kong edges up
* CSI300 -0.8 pct; SSEC -0.8 pct; HSI +0.3 pct
* Energy, financials, property fall
By Sue-Lin Wong
SHANGHAI, Jan 28 (Reuters) - China stocks fell on Wednesday on concerns about tighter liquidity and a fresh slide in oil prices, but Hong Kong managed to eke out gains as telecommunications counters climbed.
The CSI300 index fell 0.8 percent to 3,545.11 points by the end of the morning session, while the Shanghai Composite Index slid a similar amount to 3,324.96.
"Cyclical factors in the lead up to the Lunar New Year, including required regulatory payments and moves in fiscal deposits, are putting pressure on the short-term money supply in the market," said Pan Shaochang, an analyst at Dongguan Securities.
"The expectation of new IPOs and restrictions on margin trading have also reduced net liquidity in the market."
The energy sub-index slumped 1.5 percent and the financial and real estate sub-indexes were both down 1.2 percent.
China CSI300 stock index futures for February fell 0.8 percent, to 3,555.2, 10.09 points above the current value of the underlying index. Continuación...