China, Hong Kong stocks correct on profit-taking, track regional markets

jueves 10 de septiembre de 2015 00:49 GYT
 

* CSI300 -0.9 pct; SSEC -1.0 pct; HSI -2.1 pct

* Asia markets generally soft as Wall Street retreats

* China inflation data has little market impact -analyst

SHANGHAI, Sept 10 (Reuters) - China and Hong Kong stocks pulled back on Thursday morning, joining volatile regional markets after losses on Wall Street, as investors took profit following the sharp rally of the past two days.

But there were few signs of panic selling, as Chinese Premier Li Keqiang reassured global markets on Wednesday that Beijing can keep its economy on track and stock markets in check.

Analyst said August inflation data published on Thursday, which shows persistent weakness in producer prices, had little impact on the market.

China's blue-chip CSI300 index fell 0.9 percent to 3,370.09 points at lunch time, while the Shanghai Composite Index lost 1.0 percent to 3,211.93 points. On Tuesday and Wednesday combined, both indexes gained about 5 percent.

Hong Kong's Hang Seng index, which on Wednesday jumped 4.1 percent in its best one-day performance in nearly four years, lost 2.1 percent on Thursday morning, to 21,665.92 points.

The Hang Seng China Enterprises index, which tracks Chinese companies listed in Hong Kong, also fell 2.1 percent.   Continuación...