Hong Kong shares flat, China set for 5th straight loss


26/06/2012 09:34 AST  Reuters

Hong Kong shares were flat by midday on Tuesday, with strength in defensive sectors offsetting weakness in Chinese banking majors in a sign investors are opting for safety, expecting the euro zone debt debacle to worsen in the near term.

The Macau gaming sector tanked after a domestic newspaper flagged a potential tightening of visas for Chinese nationals travelling to the world's largest gambling destination.

Mainland Chinese markets were poised for a fifth-straight loss, with the large cap-focused CSI300 Index down 0.4 percent by midday, but bouncing off its March intra-day lows, at about 2,429.7 points.

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