SHANGHAI: China stocks fell on Thursday, tracking a decline in global markets after Russian President Vladimir Putin authorised a military operation in eastern Ukraine.
The CSI300 index fell 1.3% to 4,563.95 at the end of the morning session, while the Shanghai Composite Index lost 0.9% to 3,458.12 points.
The Hang Seng index dropped 3.1% to 22,925.60.
The Hong Kong China Enterprises Index lost 3.4% to 8,033.08.
China stocks fall, Hong Kong slumps most in five months on Ukraine crisis
** Putin authorised a military operation in eastern Ukraine on Thursday, in what could be the start of war in Europe over Russia's demands for an end to NATO's eastward expansion.
** Shortly after Putin spoke, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.
** "Asian stock markets generally recorded significant losses today, and the worsening situation in Ukraine further impacted financial markets," said Kenny Ng, a securities strategist at China Everbright Securities International.
** Outflows through Northbound leg of the Stock Connect totalled 2.19 billion yuan at midday break, according to Refinitiv data.
** China will keep the real estate market stable and step up coordination and precision of property policies this year, the country's housing minister said on Thursday.
** The real estate subindex eased 0.7%, while the financial subindex retreated 1.1%.
** Consumer staples slid 2.3%, while information technology stocks dropped 1.6%.
** Alibaba's Hong Kong-listed shares fell 6.6% to a record low ahead of earnings release later in the day.
** Chinese offshore-listed tech firms are facing a double whammy of fresh regulatory crackdowns by Beijing and growing geopolitical tensions over Ukraine, sending the Hang Seng Tech Idnex down more than 4%.
** Tencent Holdings and Meituan declined more than 3.5% each.
** Mainland developers listed in Hong Kong slumped 4.3%, with Shimao down nearly 10%, after a trustee said roughly $170 million worth of asset-backed notes guaranteed by the Chinese developer may not be redeemed on maturity.
** Consumer discretionary stocks plunged 4%, while the finance index lost nearly 3%.
** Russian aluminium producer OK Rusal MKPAO slumped 8.5%.
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