China stock rally slows, Hong Kong weak

miércoles 10 de diciembre de 2014 01:06 GYT
 

* CSI300 +0.9 pct, SSEC +0.4 pct, HSI -0.2 pct, HSCE -0.4 pct

* ChiNext Composite Index up over 3 percent, lift market

* Banking and brokerages still weak

* Hong Kong weak after sharp drop in both markets

By Chen Yixin and Kazunori Takada

SHANGHAI, Dec 10 (Reuters) - China stocks rose on Wednesday thanks to a rebound in small-cap shares, but see-saw movements in the indexes reflected investors uncertainty after Tuesday's slump brought the recent market surge to an abrupt halt.

The CSI300 index rose 0.9 percent, to 3,133.40 points at the end of the morning session, recovering after losing as much as 1.6 percent during the morning session, while the Shanghai Composite Index gained 0.4 percent to 2,867.55 points.

"Both retail and institutional investors become cautious in the absence of clear direction," said Zhang Yanbing, analyst at Zheshang Securities in Shanghai.

"Think of this as psychological warfare; no one knows the direction for now, everyone is waiting for further good news to stimulate the market again."   Continuación...