China stocks up on stimulus hopes, Hong Kong gains capped by casinos

jueves 8 de mayo de 2014 00:52 GYT
 

* HSI +0.5 pct, H-shares +1.3 pct, CSI300 +1.1 pct

* China stocks bounce back on stimulus hopes

* Hong Kong casino stocks fall

By Natalie Thomas

BEIJING, May 8 (Reuters) - China shares are headed for their biggest one-day gain in a month on Thursday, as investors bet on further stimulus measures after the central bank warned of a deepening economic slowdown.

Hong Kong stocks also gained, aided by strong oil and gas shares, though overall increases were limited by sliding casino firms after China initiated a probe into illegal payments in Macau.

By midday, the CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 1.1 percent, while the Shanghai Composite Index was also up 1.1 percent at 2,032.41 points.

The Hang Seng Index was up 0.5 percent at 21,863.95 points. The China Enterprises Index of the top Chinese listings in Hong Kong gained 1.3 percent.

The SSEC and CSI300 indexes registered their strongest one-day gains since April 10, as speculation intensified that government support for the flagging economy might be on the way after the People's Bank of China warned of the possibility of a further growth slowdown in a report on Tuesday.   Continuación...