China stocks range-bound as slowdown concerns weigh on sentiment
Updates to market closing levels
SHANGHAI, Aug 12 (Reuters) -China stocks traded in a narrow range on Monday, even as regional markets advanced, as concerns surrounding a potential slowdown in the world's second-largest economy prompted investors to remain on the sidelines.
Asian stocks edged higher as a holiday in Japan removed one source of recent volatility, and investors hunkered down for major U.S. and Chinese economic data for an update on global growth prospects.
"The complexity and uncertainty of the external environment haveincreased significantly. Many problems cannot be solved quickly in the short term; combined with the recent decline in overseas markets, the A-share market will remain range-bound," Orient Securities said in a note.
Investors awaited U.S. producer and consumer prices numbers due on Tuesday and Wednesday, respectively, as well as a global central bankers' meeting in Jackson Hole, Wyoming, to gauge the Federal Reserve's rate trajectory.
China will also release a flurry of indicators this week, including credit and economic activity data, which is likely to show that the economy got off to a weak start in the second half of the year.
** At the close, the Shanghai Composite index .SSEC was down 0.14% at 2,858.20.
** The blue-chip CSI300 index .CSI300 was down 0.17%, with its financial sector sub-index .CSI300FS lower by 0.22%, the consumer staples sector .CSI000912 up 0.03%, the real estate index .CSI000952 down 3.29% and the healthcare sub-index .CSI300HC up 1.11%.
** At the close of trade, the Hang Seng index .HSI was up 21.42 points or 0.13% at 17,111.65. The Hang Seng China Enterprises index .HSCE rose 0.2% to 6,029.66.
** The smaller Shenzhen index .SZSC ended down 0.47% and the start-up board ChiNext Composite index .CNT was weaker by 0.204%.
** The sub-index of the Hang Seng tracking energy shares .HSCIE rose 0.3%, while the IT sector .HSCIIT rose 0.35%, the financial sector .HSNF ended 0.59% higher and the property sector dipped 1.16%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was firmer by 0.42%, while Japan's Nikkei index .N225 closed up 0.56%.
Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips and Janane Venkatraman
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