Hong Kong stocks hit 6-week low on weak China export data; China flat

jueves 13 de octubre de 2016 00:55 GYT

* CSI300: flat; SSEC: flat; HSI -1.1 pct

* Worse-than-expected China shipments further weaken sentiment

* China market aided by state-owned enterprise reform hopes

SHANGHAI, Oct 13 (Reuters) - Hong Kong stocks fell to a six-week low on Thursday, as disappointing China export data hit already fragile sentiment amid rising profit-taking pressure and global policy uncertainty.

China stocks were roughly flat, as growing concerns over yuan depreciation were partly offset by reform hopes that sent shares of several state-owned companies soaring on their restructuring plans.

Hong Kong's Hang Seng index dropped 1.1 percent, to 23,144.06 points, while the Hong Kong China Enterprises Index lost 1.3 percent, to 9,552.26.

The Hong Kong market's fall - it's down 3 percent this week and on track for a fourth straight decline - was partly triggered by profit-taking following last quarter's 12 percent jump.

But analysts say other factors are worries about the U.S. presidential election, a possible U.S. rate hike soon and the prospect of tough negotiations on Britain breaking away from the European Union (EU).

Investor confidence was further dented on Thursday, after data showing China's September exports fell 10 percent from a year earlier, far worse than expected, raising concerns over China's economic health.   Continuación...