China shares rise on liquidity signal, HK up on protest crackdown

martes 14 de octubre de 2014 00:32 GYT
 

* Shanghai index up 0.1 pct, CSI300 flat, HSI up 0.7 pct

* PBOC signals lower money rates in open mkt operations

* HK rallies after crackdown on protests - analysts

By Pete Sweeney

SHANGHAI, Oct 14 (Reuters) - Chinese stock indexes recovered slightly by midday on Tuesday, with mainland investors heartened by easier money conditions while Hong Kong gained after a crackdown on protestors.

By midday, the Hang Seng Index was up 0.65 percent at 23,294 points. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.8 percent. Both indexes have taken heavy hits since the beginning of pro-democracy protests in the city that began in early October.

"The government has taken more control of the protests, releasing positive signals to the market," said Sam Chi Yung, a strategist at Delta Asia Financial Group in Hong Kong.

"This is the main reason pushing up the index."

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was flat at midday, while the Shanghai Composite Index was up 0.12 percent at 2,368.80 points.   Continuación...