* HSI -0.1 pct, H-shares +0.4 pct, CSI300 -1.6 pct
* Chinese airlines A-shares tumble on bird flu jitters
* HK developers weak after poor weekend secondary market
By Clement Tan
HONG KONG, April 8 China shares returned from a
four-day holiday weekend at their lowest since late December
early on Monday, as bird flu worries hit tourism-related sectors
while the property sector lost ground on more sales curbs.
Hong Kong property developers were among the underperformers
after local media reported disappointing secondary housing
market sales over the weekend, tipping the Hang Seng Index
down 0.1 percent at 0200 GMT.
The CSI300 of the leading Shanghai and Shenzhen
A-share listings was down 1.6 percent at 2,443.4, its lowest
since late December. The Shanghai Composite Index was
down 1.7 percent.
The China Enterprises Index of the top Chinese
listings in Hong Kong rebounded 0.4 percent from a four-month
closing low. Hong Kong markets slumped on Friday on bird flu
On Monday, Air China shares in Shanghai were
headed for their heaviest loss in nearly 2-1/2-years, diving 7.3
percent, while Shanghai Airport sank 5.5 percent.
Airline stocks in Hong Kong retraced some of their heavy
losses, with Air China rebounding 2.5 percent after
slumping 9.8 percent on Friday, its worst single-day loss in
nearly four years.
China is confident it can control an outbreak of a new
strain of bird flu, a senior Chinese health official said on
Sunday as the World Health Organization (WHO) said there were
now 21 human cases of the H7N9 flu with six deaths.
Bird flu concerns were also cited by Hong Kong media as
accounting for lackluster secondary housing market sales over
the weekend. Cheung Kong Holdings lost 1.4 percent,
while New World Development dived 3.7 percent to its
lowest since early January.
The Chinese property sector also on the defensive after the
official China Securities Journal reported on Monday that
Beijing is likely to raise down-payment requirement for buyers
taking commercial loans to purchase second homes to 70 percent.
China Vanke tumbled 3.2 percent in Shenzhen,
while Poly Real Estate fell 3.4 percent in Shanghai
and China Resources Land slid 1.9 percent in Hong