Hong Kong stocks dip, China shares flat; China economic data in focus
* SSEC 0.1 pct, CSI300 0.0 pct, HSI -0.4 pct
* China economic data in focus this week - trader
* China economy likely grew 6.7 pct in Q3 - Reuters poll
SHANGHAI, Oct 17 (Reuters) - Hong Kong shares edged lower while Chinese stocks were largely flat on Monday as investors curbed their risk appetite ahead of a slew of China data this week that will paint a clearer picture of the world's second largest economy.
But there are no signs of panic selling despite continued weakness in the yuan, which some traders attribute mainly to the prospects of a U.S. rate hike in December, rather than rapid deterioration in China's economic health.
By the midday break, Hong Kong's Hang Seng index had lost 0.4 percent to 23,134.75, while the Hong Kong China Enterprises Index had dipped 0.1 percent to 9,587.79.
China's blue-chip CSI300 index and the Shanghai Composite Index were little changed.
The recent correction in Hong Kong stocks is natural after the market's strong rally last quarter, and as mainland money inflows have fallen sharply this month, said Alex Wong, Hong Kong-based director at Ample Finance Group.
"The market is looking for a direction. This week's China economic data will be in focus," Wong said, adding September data so far - including encouraging production activity data and worse-than-expected export data - had sent mixed signals. Continuación...