SHANGHAI, March 3 (Reuters) - China stocks closed lower on Thursday, as investor appetite was dampened after a survey showed services sector activity in February had expanded at the slowest pace in six months amid the government's tough containment measures to tackle the pandemic.
** The blue-chip CSI300 index (.CSI300) was down 0.6% at 4,551.63, while the Shanghai Composite Index (.SSEC) dropped 0.1% to 3,481.11 points.
** The Caixin/Markit services Purchasing Managers' Index (PMI) in the world's second-largest economy dropped to 50.2 in February - the lowest since August and only a touch above the 50-point mark that separates growth from contraction on a monthly basis - from 51.4 in January. read more
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** Consumer staples (.CSICS) dropped 2%, with liquor makers (.CSI399997) down 3.5%.
** Semiconductors (.CSIH30184) slipped 2.1%, new-energy firms (.CSI399808) lost 1.9% and defence stocks (.CSI399959) ended 2.5% lower.
** Bucking the broader market slump, the CSI 300 Real Estate Index (.CSI000952) gained 2.4%, after the chairman of China's banking and insurance regulator said the trend of property bubbles in China had been reversed.
** Coal shares rose amid surging prices following Russia's invasion of Ukraine and an announcement by the Zhengzhou Commodity Exchange on Wednesday to raise thermal coal margin requirement.
** China's CSI SWS Coal Index (.CSI000820) and the CSI Energy Index (.CSIEN) climbed 2.3% and 2.7%, respectively. Oil stocks rose as well.
** Tourism stocks (.CSI930633) jumped 3.5% and transportation shares (.CSI000957) added 2.7%.
** China's rubber-stamp parliament begins its annual meeting on Saturday, with investors hoping for more easing measures to be introduced.
** U.S. Federal Reserve Chairman Jerome Powell on Wednesday said rates would likely be raised by only 25 basis points this month, and the war in Ukraine had made the outlook "highly uncertain". read more
** Finance stocks (.HSNF) and energy firms (.HSCIE) added 1.6% and 2.8%, respectively. HSBC Holdings added 4.1% to become the biggest point contributor lifting the Hang Seng.
** The Hang Seng Tech Index (.HSTECH) lost 1.2% with Meituan (3690.HK) and Tencent Holdings (0700.HK) down over 1% each.
** Tencent said it would reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%. read more
** Macau gaming stocks listed in Hong Kong rose on media reports that casino companies in Macau will have their licences extended by six months. read more
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Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu, Sherry Jacob-Phillips and Krishna Chandra Eluri
Our Standards: The Thomson Reuters Trust Principles.
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China stocks end lower as services activity growth slows, HSBC lifts Hang Seng - Reuters
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