* HSI +0.3 pct, H-shares +0.3 pct, CSI300 +0.1 pct
* Turnover in Hong Kong lowest this year
* Property and industrial sectors broadly weak
By Yimou Lee
HONG KONG, May 27 Hong Kong shares snapped a
four-day losing streak in a mild rebound on Monday, with
mainland markets tepid as investors remained cautious after new
data pointed to an uncertain pace of recovery in the world's
A report in the People's Daily that China may not launch new
stimulus amid concerns of a debt buildup and overcapacity also
weighed on the markets, with property stocks slipping.
The Hang Seng Index rose 0.3 percent from its
four-week low to 22,686.05 points. The China Enterprises Index
of the top Chinese listings in Hong Kong gained 0.3
Turnover in Hong Kong was at its lowest this year.
The Shanghai Composite Index ended up 0.2 percent at
2,293.1 points. The CSI300 of the leading Shanghai and
Shenzhen A-share listings inched up 0.1 percent.
China's industrial profits growth quickened in April from
the previous month, though the government noted that the pickup
was due mainly to a low comparative base, indicating that the
economy still faces slack domestic and external demand.
"The investors should avoid bottom-fishing, particularly in
those policy-related stocks," said Castor Pang, Core
Pacific-Yamaichi Securities' head of research.
"Unless we see some exceptionally good figures, the market
will keep seesawing in the near term," he said.
Beijing is set to release results of its official May
manufacturing index on June 1.
Property and industrial sectors were broadly weak on Monday.
China Vanke fell 0.9 percent in Shenzhen after
testing its highest since Feb. 5 last week. In Hong Kong, Agile
Property dropped 0.7 percent to its lowest close in
more than one month.
Sany Heavy Industry fell 1.6 percent in
Shanghai, while trading in its rival Zoomlion Heavy Industry
Science and Technology Co Ltd was suspended pending
the company's response to a mainland media report that said its
sales data was false.
The solar panel sector rose, encouraged by a call from
German Chancellor Angela Merkel and Chinese Premier Li Keqiang
for an end to a trade row between Europe and China over solar
panels and wireless equipment.
Shares in Comtec Solar Systems Group Ltd jumped 4
percent, while Solargiga Energy Holdings Ltd rose 3.9
Wuhan Steel fell 0.4 percent while its bigger
rival Baotou Steel dropped 0.8 percent after Chinese
steel futures fell to their lowest levels in nearly nine months
Shares in Winteam Pharmaceutical Group Ltd jumped
13.3 percent after the company said it would buy a 100 percent
stake of Tongjitang Chinese Medicine Company from Hanmax
Investment Ltd and Fosun Industrial Co Ltd for 2.64 billion