HSBC leads slide in Hong Kong stocks, casino shares weak

martes 24 de febrero de 2015 00:50 GYT
 

* HSI -0.6 pct, H-shares -0.3 pct

* HSBC's Hong Kong shares fall 4 pct, at lowest since Sept 2012

* Casino stocks under pressure on profit-taking

* Hutchison, Cheung Kong, SHKP to report earnings this week

HONG KONG, Feb 24 (Reuters) - Hong Kong stocks fell on Tuesday, with HSBC Plc leading the slide after disappointed earnings, and casino stocks were under pressure as investors locked in gains while awaiting earnings reports from blue chips later this week.

The Hang Seng index, which has risen the past six sessions, slid 0.6 percent to 24,694.03 points by the lunch break. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.3 percent to 12,005.07 points.

Mainland China markets, which have been closed since Feb. 18 for the Lunar New Year holiday, reopen on Wednesday. Hong Kong reopened on Monday.

"Investors are cautiously bullish on the mainland markets and are anticipating a strong start as they reopen," said Alex Wong, a director at Ample Finance Group.

Hong Kong-listed shares of HSBC dropped 4 percent after the UK emerging markets-focused bank reported a deeper-than-expected 17 percent slide in annual pretax profit and cut its earnings target.   Continuación...