China stocks fall at midday as yuan, economic uncertainty weigh

martes 19 de julio de 2016 01:14 GYT

* CSI -0.8 pct, SSEC -0.7 pct, HSI -0.6 pct

* Analysts say Chinese outlook for 2H still cloudy

* Profit taking weighs on HSI

By Nathaniel Taplin

SHANGHAI, July 19 (Reuters) - China stocks fell on Tuesday as investors eyed continued economic uncertainty in crucial sectors such as housing and as the yuan hovered just above a psychologically important support level.

The CSI300 index fell 0.8 percent to 3,236.30 points at the end of the morning session, while the Shanghai Composite Index lost 0.7 percent to 3,021.95 points.

Analysts said the recent upside surprise in second quarter GDP last week has failed to reassure equity investors eyeing slowing housing price growth and continued uncertainty around capital outflows, trade and other factors, which have been weighing on the yuan.

The yuan slipped below the 6.7 to the dollar for the first time in more than five years late Monday but recovered some of its losses on Tuesday.

"The second quarter growth figure came in slightly better than expected, but there is still a lot of uncertainty about the outlook for the second half," said Steven Leung, director at UOB Kay Hian in Hong Kong.   Continuación...