Hong Kong, China stocks fall on US rate hike worries, weaker yuan

miércoles 12 de octubre de 2016 00:58 GYT

* SSEC -0.3 pct, CSI300 -0.3 pct, HSI -1.1 pct

* Risk appetite curbed as global markets face growing uncertainty

* Yuan's recent weakening hurts appeal of China, HK stocks-trader

SHANGHAI, Oct 12 (Reuters) - Hong Kong and China stocks fell on Wednesday amid signs of increasing volatility in global markets as investors brace for the U.S. presidential election, a possible U.S. rate hike and bruising negotiations on Britain's exit from the European Union.

Also hurting sentiment is the weakening yuan, which touched a fresh six-year low on Wednesday, fuelling speculation of further depreciation and hurting the appeal of yuan-denominated assets.

In China, both the blue-chip CSI300 Index and the Shanghai Composite Index lost 0.3 percent to 3,296.5 and 3,055 points, respectively.

Hong Kong's benchmark Hang Seng Index dropped 1.1 percent to 23,291.92, while the Hong Kong China Enterprises Index lost 1.8 percent to 9,631.82.

Asian shares flirted with three-week lows on Wednesday after U.S. stocks dropped over 1 percent overnight, as the dollar and Treasury yields rose on growing expectations of a U.S. rate hike in December.

The recent slump in the British pound, triggered by concerns of a costly "hard Brexit", also curbed risk appetite.   Continuación...