SHANGHAI, Oct 26 (Reuters) - China stocks fell on Monday,
dragged lower by the country's largest liquor maker Kweichow
Moutai after it posted a slower-than-expected growth in the
** At the midday break, the Shanghai Composite index was
down 0.72% at 3,254.54, while the blue-chip CSI300 index
was down 0.5%.
** The consumer staples sector fell 1.48%. Kweichow
Moutai Co Ltd dropped as much as 6.7% after the
company said its net profit grew 11.2 billion yuan ($1.68
billion) in the third quarter, up 6.9% from a year ago, missing
** The smaller Shenzhen index was up 0.44%, the start-up
board ChiNext Composite index was higher by 0.45% and
Shanghai's tech-focused STAR50 index was up 1.54%.
** Investors now focus on a key policy meeting this week,
starting Monday, where China's top leaders will chart the
country's economic course for 2021-2025, seeking to balance
growth and reforms to avoid stagnation.
** China's Ant Group's Shanghai listing was also on investors'
radar. The company could raise up to $17.3 billion in the
Shanghai leg of the likely $35 billion dual listing, the world's
largest ever, sources told Reuters.
** Markets in Hong Kong are closed for a public holiday.
** Around the region, MSCI's Asia ex-Japan stock index
was barely changed while Japan's Nikkei index
was down 0.12%.
** The largest percentage losers on the Shanghai index were
FuJian YanJing HuiQuan Brewery Co Ltd, down 9.081%,
followed by China Film Co Ltd, losing 8.683% and
Everbright Securities Co Ltd, down by 7.207%.
($1 = 6.6857 Chinese yuan)
(Reporting by Winni Zhou and Andrew Galbraith)