HONG KONG, March 18 (Reuters) - Early modest gains for China shares were largely erased on Tuesday afternoon on declines by property stocks following home-price data and concern that a local developer could default.
The Shanghai Composite Index ended the day up 0.1 percent at 2,025.19 points.
The CSI300 of the leading Shanghai and Shenzhen A-share listings shed 0.2 percent.
Early in the day, both indexes were up, helped by gains for Kweichow Moutai on a report that the distiller would spin off some assets.
Property stocks were hurt by pricing data indicating the sector is losing some steam. A mainland media report that a local developer could default on a large loan added pressure on the already soft business.
Property developers Poly Real Estate Group and China Vanke fell 2.8 and 2.1 percent respectively.
(Reporting by Alice Woodhouse; Editing by Richard Borsuk)