China stocks fall for 2nd day on regulatory jitters; Hong Kong also down

Kunlun Energy

28/11/2017 04:37

SHANGHAI, Nov 28 (Reuters) - China stocks fell for a second 
straight day on Tuesday as investors assessed the impact of 
sweeping new guidelines to reduce risks in the country's asset 
management business. 
    UBS Securities said in a report that the rules, which were 
designed to rein in shadow banking, would make it more difficult 
for funds with added leverage to enter the stock market, 
although some equity assets could become more appealing. 
     
** The CSI300 index  .CSI300  fell 0.7 percent, to 4,020.94 
points at the end of the morning session, while the Shanghai 
Composite Index  .SSEC  lost 0.5 percent, to 3,305.96.  
 
     
** The Hang Seng index  .HSI  dropped 0.9 percent to 29,420.94. 
The Hong Kong China Enterprises Index  .HSCE  lost 1.5 percent, 
to 11,591.50. The South China Morning Post reported that China's 
securities regulator will suspend approval of new mutual funds 
which are heavily weighted to Hong Kong-listed equities on fears 
of a market correction. Such flows have helped boost Hong Kong 
indexes to a decade high. urn:newsml:reuters.com:*:nL3N1NY0I5 
    
**  The index measuring price differences between dual-listed 
companies in Shanghai and Hong Kong  .HSCAHPI  stood at 130.24. 
    A value above 100 indicates Shanghai shares are pricing at a 
premium to shares in the same company trading in Hong Kong, and 
vice versa. 
     
** The northbound quota for the Hong Kong-Shanghai Stock Connect 
 .NQUOTA.SH , currently set at 13 billion yuan, saw net inflows 
of 13.00 billion yuan. 
    
     
** Total volume of A shares traded in Shanghai was 6.32 billion 
shares, while Shenzhen volume was 7.38 billion shares.  
    Total trading volume of companies included in the HSI index 
was 0.7 billion shares.    
     
     
** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  fell 0.46 percent while Japan's Nikkei 
index  .N225  was down 0.26 percent.  
 
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China stock market graphics suite     http://reut.rs/1NfkoGl 
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 (Reporting by Shanghai Newsroom; Editing by Kim Coghill) 
 ((samuel.shen@thomsonreuters.com;  +86 21 6104 1789; Reuters 
Messaging: samuel.shen.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA STOCKS/MIDDAY