Chinese stocks post mild rise after inflation data, lifted by pharma, airlines

miércoles 15 de octubre de 2014 00:44 GYT

* CSI300 up 0.6 percent

* SSEC up 0.5 percent

* HSI up 0.7 percent

By Pete Sweeney

SHANGHAI, Oct 15 (Reuters) - Chinese stock markets rose on Tuesday, with major indexes lifted by airline stocks and pharmaceuticals, but analyst said sentiment remained cautious given signs of continued pressure on producer pricing power and weakness in overseas markets.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.6 percent, while the Shanghai Composite Index was up 0.5 percent at 2,369.8 points.

The gains were made later in the trading session after markets had opened down.

"The market is in a correction phase today, and will be quite volatile in the short term," said Wang Weijun, analyst at Zheshang Securities in Shanghai.

"The weak CPI and PPI data did not depress the market too much, as most investors have already turned bearish on the Chinese economy. As for the latest PPI data, we estimate most companies' earnings in Q3 will be gloomy."   Continuación...