China shares rise on economic data, expectation of policy support; HK weak

jueves 16 de octubre de 2014 01:11 GYT

* HSI -0.5 pct, H-shares -0.1 pct, CSI300 +0.6 pct

* Sept new loans 857.2 bln yuan and M2 up 12.9 pct yr/yr

* Investors expect further support and reform policies

* Hong Kong falls on weaker overseas markets

By Chen Yixin and Brenda Goh

SHANGHAI, Oct 16 (Reuters) - China shares gained on Thursday after recovering from early morning falls despite weaker markets overseas, with analysts citing better-than-expected money supply and lending data, as well as expectations of more support policies to come.

The Shanghai Composite Index rose 0.6 percent to 2,387.02 points by midday. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.6 percent.

Du Changchun, Shanghai-based analyst at Northeast Securities, said China's stock market tended to track the overseas market in the first hour of trading, before adjusting to reflect domestic factors.

"The better-than-expected credit data, which could ease the liquidity pressure, thus lifted the index to some extent," Du said.   Continuación...