SHANGHAI, Jan 25 (Reuters) - China stocks fell on Tuesday on
weakened sentiment over concerns that the U.S. Federal Reserve
would tighten policies and uncertainties in the markets ahead of
the incoming Chinese New Year holidays, with media firms leading
The CSI300 index fell 0.8%, to 4,748.54 points, at
the end of the morning session, while the Shanghai Composite
Index lost 1.1%, to 3,484.80 points.
The Hang Seng index dropped 1.2%, to 24,351.38
points. The Hong Kong China Enterprises Index lost 1.0%,
** Real estate developers lost 2% on concerns
over debt woes in the squeezed sector.
** Energy stocks declined 2.4%, with coal miners
** Media firms slumped nearly 4%, after the
Cyberspace Administration of China (CAC) launched a month-long
"clean cyberspace" campaign.
** The Federal Reserve will begin its two-day meeting later
on Tuesday, and Chinese markets will be closed for the New Year
holidays starting from Jan 31.
** Tech giants and financial firms dragged Hong Kong shares
lower, on concerns about faster U.S. rate hikes and mounting
tensions over Ukraine.
** The Hang Seng Tech index dropped 1.7%, with
Alibaba Group, Tencent Holdings and Meituan
down between 0.9% and 1.6%.
** Hang Seng Finance Index retreated 1.4%. Insurer
AIA Group and banking and financial services provider
HSBC Holdings lost 3% and 2.1% respectively, two
biggest point contributors dragging the Hang Seng Index.
** Healthcare firms dropped 2%, with Sino
Biopharmaceutical Ltd down 4.2% to become the second
largest percentage decliner on the Hang Seng Index.
** Property developer Shimao Group Holdings jumped
7.5% after it sold its holdings in a Guangzhou complex to a
state-owned partner for 1.84 billion yuan ($290.65 million),
following a sale of a commercial land in Shanghai last week.
** However, China Evergrande Group dropped 3.8% as
the cash-strapped developer sought more time from its offshore
bondholders to work on a "comprehensive" and "effective" debt
(Reporting by Shanghai Newsroom; Editing by Shailesh Kuber)