China stock markets post record day on policy easing speculation

martes 2 de diciembre de 2014 06:34 GYT

* China shares have biggest single-day gain since 2013

* Banks, brokerages lead charge as rumours of more easing swirl

* Gap between dual listed values in Shanghai, HK widens

* Illustrates diverging views of mainland rally

By Pete Sweeney

SHANGHAI, Dec 2 (Reuters) - China stocks had their best day in more than a year on Tuesday, as speculation of further policy easing boosted financial services stocks on the mainland and Hong Kong.

Retail investors added fuel to institutional buying, analysts said, pushing many banks and brokerages to their 10 percent daily limit.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.7 percent to 2,923.94, its largest daily rise since July 2013, while the Shanghai Composite Index gained 3.1 percent to 2,763.54 points, its best day since Sept 2013.

China's surge helped the Hong Kong China Enterprises Index gain 2.8 percent to 11,125.79, but the wider Hang Seng Index added only 1.2 percent to 23,654.30 points.   Continuación...