SHANGHAI, Nov 24 (Reuters) - China stocks slipped on
Wednesday as new energy and agriculture companies weighed, while
improving sentiment in the real estate sector underpinned
The CSI300 index was unchanged at 4,911.81 points
at the end of the morning session, while the Shanghai Composite
Index lost 0.1%, to 3,585.65 points.
The Hang Seng index dropped 0.1%, to 24,635.86
points. The Hong Kong China Enterprises Index lost 0.6%,
** New energy stocks lost 1.9%. The index has
risen 60% year to date amid China's carbon-neutral goal, and
analysts had flagged risks of adjustments in overvalued shares.
** Agriculture shares dropped 2.2%, with pig
farming companies leading the drop.
** Food & beverage gained 1.9%, while liquor
makers surged 2.8%.
** Real-estate developers extended gains from
the previous session on improving sentiment after some banks
were told by financial regulators to issue more loans to
property firms for project development.
** Hong Kong' benchmark index remained nearly
unchanged, as losses in tech firms offset by gains in insurer
** Xiaomi Corp slumped nearly 7% after it reported
a smaller-than-expected 8.2% rise in third-quarter revenue as
smartphone sales growth stalled amid intensifying competition
** Alibaba Group extended losses on lingering
worries over its disappointing revenue and outlook, down 1.4% to
HK$131.1, a record low in the Hong Kong market.
** Insurance firm AIA Group rose 3.8%, the biggest
percentage gainer on the Hang Seng Index.
(Reporting by Shanghai Newsroom; editing by Uttaresh.V)