China indexes up as mainland investors jump into rally, Hong Kong down

jueves 27 de noviembre de 2014 00:45 GYT
 

* HSI -0.5 pct, HSCE -0.2 pct, CSI300 +0.4 pct, SSEC +0.4 pct

* Mainland stocks continue rally as fresh funds enter market

* Investors looking for more easing, IPOS

SHANGHAI, Nov 27 (Reuters) - China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut.

Even before the cut on Nov. 21, money was moving into mainland shares. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan ($15.39 billion) was added to brokerage accounts in the first three weeks of November as investors increased bets on market rises and positioned for a series of coming IPOs.

Recent index gains have been "supported by the huge amount of funds flowing in after China cut interest rates," said Du Changchun, analyst at Northeast Securities in Shanghai.

Du predicted the Shanghai Composite Index could correct after hitting 2,650 points - just above its midday level of 2,615.79 after an 0.4 percent gain.

The CSI300 index rose 0.4 percent, to 2,734.15 points at the end of the morning session.

The Hang Seng index dropped 0.5 percent, to 23,995.28 points.   Continuación...