Hong Kong, China stocks rebound as profit-taking pressure eases

viernes 21 de noviembre de 2014 00:47 GYT

* HSI up 0.1 pct, HSCE up 0.2 pct, CSI300 up 0.8 pct, SSEC 0.6 pct

* But all indexes head for weekly losses

* Markets may have ended correction period - analysts

SHANGHAI, Nov 21 (Reuters) - Hong Kong and mainland Chinese shares rebounded on Friday as prolonged profit-taking pressure finally eased, but all indexes posted losses on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges.

Monday's launch of the "stock connect" had been expected to boost share values and volumes on both bourses, but many investors took advantage of the sharp run-up in prices ahead of the debut to take profits instead.

By midday, Hong Kong's Hang Seng Index edged up 0.1 percent to 23,375.06 points after falling for four straight sessions. The China Enterprises Index of top Chinese listings in Hong Kong inched up 0.2 percent.

For the week, the indexes dropped 3.0 percent and 3.3 percent, respectively, with both posting the largest weekly percentage losses since mid March.

The Shanghai Composite Index was up 0.6 percent at 2,466.7 points. The CSI300 index of the largest listed companies in Shanghai and Shenzhen added 0.8 percent.

For the week, the two indexes looked set to fall 0.5 percent and 0.9 percent, respectively.   Continuación...