China stocks rise at midday, led by strength in financials

viernes 26 de diciembre de 2014 00:02 GYT
 

* CSI300 +1.5 pct, SSEC +1.2 pct

* RRR cut seen less likely after PCOB eases loan-deposit rules

* Hong Kong markets closed Dec 25-26; reopen Dec 29

By Chen Yixin and Adam Jourdan

SHANGHAI, Dec 26 (Reuters) - China stocks rose on Friday, led by strength in the financial sector, with analysts saying that investors were still chasing financial shares after China further eased liquidity conditions for banks.

"The sector itself is still undervalued, so it will further attract investment in the short-to-medium term," said Du Changchun, analyst at Northeast Securities in Shanghai.

The CSI300 index rose 1.5 percent to 3,386.36 points at the end of the morning session, while the Shanghai Composite Index gained 1.2 percent to 3,110.77 points.

China CSI300 stock index futures for January rose 2.0 percent to 3,402, 15.64 points above the current value of the underlying index.

For the week, the CSI300 and SSEC indexes were both set to rise 0.1 percent.   Continuación...