China, Hong Kong stocks rise on policy expectations; financials strong

jueves 4 de diciembre de 2014 01:02 GYT
 

* SSEC +1.6 pct CSI300 +2.1 pct HSI +0.5 pct, H-shares +1.5 pct

* SSEC and CSI300 indexes up 5.3 pct and 7.9 pct in past 4 days

* Analysts warn of profit-taking pressures building

* Hong Kong tracks bullish mainland market

By Chen Yixin and Pete Sweeney

SHANGHAI, Dec 4 (Reuters) - China and Hong Kong shares rose on Thursday led by financials, as the market's bullish rally on expectations of further economic stimulus measures showed no signs of losing steam.

Most economists believe it is not a question of whether Beijing will roll out more stimulus measures but when, with many expecting both further interest rate cuts and reductions in banks' reserve requirement ratios (RRR).

The CSI300 index rose 2.1 percent, to 3,029.58 points at the end of the morning session, while the Shanghai Composite Index gained 1.6 percent, to 2,824.43 points.

Banking and brokerage shares remained the biggest supports for the market, with China Merchants Bank up more than 8 percent and Hong Yuan Securities hitting its 10 percent daily limit for the third consecutive day.   Continuación...