China stocks fall more than 1% in early trade

Investors look at an electronic board showing stock information at a brokerage house in Haikou, Hainan province, China on Aug 19, 2015.
Investors look at an electronic board showing stock information at a brokerage house in Haikou, Hainan province, China on Aug 19, 2015.PHOTO: REUTERS

SHANGHAI (REUTERS) - China's major stock indexes fell more than 1 per cent in early trade on Thursday (Aug 20), shrugging off government intervention in the previous session.

The CSI300 index was down 1.3 per cent at 3,833.98 points by 0147 GMT, while the Shanghai Composite Index lost 1.5 per cent to 3,736.23 points.

Futures pointed to expectations of further losses. The China CSI300 stock index futures for August fell 0.4 per cent, to 3,785.6, 48.38 points below the current value of the underlying index.

The Hang Seng index in Hong Kong was down 1.3 per cent at 22,876.21 points.