China, Hong Kong stocks pull back following recent rally
* CSI300 -2.8 pct; SSEC -2.6 pct; HSI -0.8 pct
* Regulators crack down on speculation, trading misbehaviours
* margin loans in Shanghai fall for 9th session in a row
SHANGHAI, Aug 31 (Reuters) - China stocks corrected on Monday morning after a 10 percent rally over the past two sessions, as regulators took fresh measures to crack down on speculation and trading misbehaviours.
The blue-chip CSI300 index fell 2.8 percent, to 3,247.39 points at the end of the morning session, while the Shanghai Composite Index lost 2.6 percent, to 3,148.08 points.
Both indexes are set to fall over 14 percent for the month, their third straight monthly declines.
Trading in index futures was relatively calm compared with last week, after regulators took additional steps over the weekend to restrict speculative trading.
Hong Kong stocks also fell after losing the bounce seen late last week.
"A pull back in the market was to be expected as some investors are taking profits after the two days rally," wrote Gerry Alfonso, director of Shenwan Hongyuan Securities. Continuación...