China stocks end lower on lean inflation data; real estate weighs
* Shanghai stocks close weaker, blue-chip CSI300 index down
* Gains in Shanghai stocks led by Guirenniao Co Ltd andlosses byShanghai Hongda Mining Co Ltd
* China's A-shares are at a 22.82 percent premium overH-shares
SHANGHAI, Oct 16 (Reuters) - China stocks reversed earlygains to end lower on Tuesday, after data showed factory-gateinflation had cooled for a third straight month in Septemberamid lean domestic demand, reflecting more pressure on theworld's second-biggest economy.
** The blue-chip CSI300 index ended 0.8 weaker at3,100.97 points, while the Shanghai Composite Index alsoclosed 0.8 percent lower at 2,546.33 points.
** Most sectors lost ground, led by real estate andmaterial firms.
** China's factory-gate inflation cooled for a third straightmonth in September amid ebbing domestic demand, pointing to morepressure on the world's second-biggest economy as it remainslocked in an intensifying trade war with the United States.
** Adding to worries was an S&P Global Ratings report that saidoff-balance-sheet borrowings by Chinese local governments couldbe as high as 40 trillion yuan ($5.78 trillion) and amount to "adebt iceberg with titanic credit risks".
** There were also worries over the increasing tension betweenSaudi Arabia and the West that have fanned geopoliticalconcerns.
** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.08 percent, while Japan's Nikkeiindex closed up 1.25 percent.
** At 0705 GMT, the yuan was quoted at 6.9247 perU.S. dollar, 0.09 percent weaker than previous close of 6.9185.
** The largest percentage gainers in the main Shanghai Compositeindex were Guirenniao Co Ltd , which ended 10.09percent firmer, followed by Shanghai Laimu Electronics Co Ltd , which closed up 10.04 percent and YanTai YuanchengGold Co Ltd , which closed 10.02 percent higher.
** The largest percentage losses in the Shanghai index wereShanghai Hongda Mining Co Ltd , which ended down10.06 percent, followed by Joincare Pharmaceutical GroupIndustry Co Ltd , which closed 10.05 percent weakerand Shanghai Material Trading Co Ltd , which ended10.02 percent down.
** So far this year, the Shanghai stock index is down 23percent, the CSI300 dropped 23.1 percent, while China's H-shareindex listed in Hong Kong fell 13.3 percent. Shanghai stockshave declined 9.75 percent this month.
** As of 0706 GMT, China's A-shares were trading at a premium of22.82 percent over the Hong Kong-listed H-shares.
** The Shanghai stock index is below its 50-day moving averageand below the 200-day moving average.
** The price-to-earnings ratio of the Shanghai index was 10.98,as of last trading day, while the dividend yield was 2.9percent.
($1 = 6.9251 Chinese yuan) (Reporting by Shanghai Newsroom, Editing by SherryJacob-Phillips)
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