REFILE-China stocks rebound, headed for modest weekly gain on stimulus hopes, HK also up

viernes 9 de enero de 2015 01:54 GYT

(Refiles to remove extra word in first paragraph)

* CSI300 +0.6, SSEC +0.3, HSI +1 pct

* Headed for modest weekly gain

* Supported by stimulus hopes but technically overbought

By Sue-Lin Wong

SHANGHAI, Jan 9 (Reuters) - China stocks edged up on Friday and looked set to post modest gains over a volatile week, but investors were wary that a near-term correction may be looming after a sharp run-up in the last few weeks.

The CSI300 index rose 0.6 percent to 3,578.72 points, while the Shanghai Composite Index gained 0.3 percent to 3,301.63 points, keeping them in overbought territory on technical charts.

For the week, they looked set for gains of 1.2 percent and 2.1 percent, respectively, a relatively mild pace compared with their surge in past weeks.

"After yesterday's tumble, we are still seeing energy and banks backing down but the scope of the back down won't be that great," said Liu Jingde, an analyst at Cinda Securities.   Continuación...