China, Hong Kong equities fall on Monday as tech share slide, economy concerns

Peace and Freedom

Reuters

* Tech shares drop after Wall Street sell-off in the sector

* Credit tightening the biggest risk for China economy – Haitong

Image result for apple, china, photos

SHANGHAI, June 12 China and Hong Kong stocks started the week on a bearish note, as tech plays in both markets tracked the sell-off in U.S. counterparts, with sentiment also hurt by the prospect of renewed China slowdown in the second half amid tighter credit.

China’s blue-chip CSI300 index fared better than small caps, slipping just 0.1 percent to 3,573.39 points by the lunch break. The Shanghai Composite Index lost 0.5 percent, to 3,144.30 points.

In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index lost more than 1 percent, to 25,712.55 points and 10,480.33 points, respectively.

Both China and Hong Kong-listed tech shares dropped…

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