China stocks fell on Wednesday, led by losses in material and property shares, as investors shrugged off data showing manufacturing activity expanded at the quickest pace in three months in March.
At the midday break, the Shanghai Composite index was down 0.61% at 3,435.46 points, while blue-chip CSI300 index fell 1.1%.
Property and material shares led losses in the morning session, with the real estate index down 2.08% and the material sub-index down 2.73%.
The start-up board ChiNext Composite index was weaker by 0.62% and Shanghai’s tech-focused STAR50 index dipped 0.23%.
Chinese H-shares listed in Hong Kong fell 0.4% to 10,976.96, while the Hang Seng Index was down 0.31% at 28,488.81.
Around the region, MSCI’s Asia ex-Japan stock index slipped 0.08%, while Japan’s Nikkei index was down 0.64%.