China shares fall on profit-taking, foreign outflows

  • CSI300 -0.53%, SSEC -0.1%
  • Consumer, liquor firms slump reverse on profit taking
  • CATL falls 8.63% on heavy turnover, foreign selling

SHANGHAI, Feb 10 (Reuters) - China's blue-chip shares fell on Thursday, dragged by a slump in battery maker Contemporary Amperex Technology and profit-taking in consumer firms, while worries over the impact of U.S. sanctions and higher rates continued to dampen sentiment.

** At the midday break, China's blue-chip CSI300 index (.CSI300) was down 0.53%. The Shanghai Composite index (.SSEC) was down 0.1% at 3,476.46.

** The consumer staples sector (.CSI000912) fell 0.34%, a day after rising 3.34% in its biggest daily gain in two months.

Register now for FREE unlimited access to Reuters.com

** The liquor sector (.CSI399997) fell 1.24% after surging nearly 4.7% on Wednesday on strong foreign buying.

** While foreign investors remained net buyers of A-shares overall on Thursday, Refinitiv data showed outflows through the Northbound leg of the Hong Kong-Shenzhen Stock Connect (.NQUOTA.ZK)

** Shenzhen-listed Contemporary Amperex Technology Co Ltd (CATL) (300750.SZ) was the biggest drag on the CSI300, slumping as much as 8.63% to a nearly four-month low. It was last down 7.9%.

** Hong Kong Exchange data showed CATL leading turnover among A-shares through the Stock Connect on Thursday, at 9.25 billion yuan ($1.45 billion).

** The healthcare sub-index (.CSI300HC) also fell 1.27%, with WuXi AppTec (603259.SS) plunging 6.9%. WuXi AppTec's Hong Kong shares fell 8.55%.

** WuXi Biologics (Cayman) Inc (2269.HK) was the biggest loser on the Hang Seng index, slumping 7.39%.

** WuXi Biologics has been hit by ongoing concern over the addition of its units in Wuxi and Shanghai to a U.S. Department of Commerce "unverified list". read more

** The smaller Shenzhen index (.SZSC) was down 0.69%, the start-up board ChiNext Composite index (.CNT) was weaker by 2.36% and Shanghai's tech-focused STAR50 index (.STAR50) was down 1.51%​.

** Chinese H-shares listed in Hong Kong (.HSCE) fell 0.27% to 8,699.94, while the Hang Seng Index (.HSI) was down 0.48% at 24,710.02.

** The yuan was quoted at 6.3582 per U.S. dollar, 0.07% firmer than the previous close of 6.3624.

($1 = 6.3581 yuan)

Register now for FREE unlimited access to Reuters.com
Reporting by Andrew Galbraith; Editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.