Chinese stocks fall on profit taking and foreign capital outflows
* CSI300 -0.53%, SSEC -0.1%
* Consumers and alcohol companies collapse on profit taking
* CATL drops 8.63% due to strong turnover, overseas sales
SHANGHAI, Feb 10 (Reuters) – Blue-chip Chinese stocks fell on Thursday, dragged down by the collapse of battery maker Contemporary Amperex Technology and profit-taking by consumer companies, as worries over the impact of sanctions and rising interest rates continued to weigh on confidence. .
**At the lunch break, China’s blue-chip CSI300 index was down 0.53%. The Shanghai Composite Index fell 0.1% to 3,476.46.
**The consumer staples sector fell 0.34%, a day after rising 3.34% in its biggest daily gain in two months.
** The liquor sector fell 1.24% after jumping nearly 4.7% on Wednesday on the strength of foreign purchases.
**While overseas investors remained net buyers of A-shares overall on Thursday, data from Refinitiv showed outflows via the North Branch of the Hong Kong-Shenzhen Stock Connect
**Shenzhen-listed Contemporary Amperex Technology Co Ltd (CATL) was the biggest drag on the CSI300, dropping as much as 8.63% to hit a nearly four-month low. It was last down 7.9%.
**Hong Kong Stock Exchange data showed CATL topped A-share turnover via Stock Connect on Thursday at 9.25 billion yuan ($1.45 billion).
** The health care sub-index also fell 1.27%, with WuXi AppTec plunging 6.9% on continued concerns over its addition to an “unverified list” by the US Department of Commerce.
** WuXi Biologics (Cayman) Inc was the biggest loser on the Hang Seng Index, falling 7.39%. Shares of WuXi AppTec in Hong Kong fell 8.55%.
**Shenzhen’s smaller index was down 0.69%, the start-up board’s ChiNext Composite index was down 2.36% and Shanghai’s technology-focused STAR50 index was down 1, 51%.
**Hong Kong-listed Chinese H-shares fell 0.27% to 8,699.94, while the Hang Seng index fell 0.48% to 24,710.02.
** The yuan was quoted at 6.3582 per US dollar, 0.07% firmer than the previous close of 6.3624.
($1 = 6.3581 Chinese yuan) (Reporting by Andrew Galbraith; Editing by Rashmi Aich)