REFILE-China, Hong Kong shares jump on Silk Road initiative, policy easing hopes

lunes 30 de marzo de 2015 01:00 GYT
 

(Refiles to fix spelling in headline)

* .CSI300 +1.7; SSEC: 1.6 pct; HSI: 1.5 pct

* Infrastructure stocks surge on China's Modern Silk Road plan

* Expectations of easing rise after Zhou's warning on deflation

By Samuel Shen and Pete Sweeney

SHANGHAI, March 30 (Reuters) - China stocks jumped nearly 2 percent to near seven-year-highs and Hong Kong shares also rose sharply on Monday after Beijing unveiled details of an ambitious plan to construct a modern Silk Road to improve links from Asia to Europe and Africa.

Shares were also supported by weekend comments from central bank governor Zhou Xiaochuan that reinforced expectations for further monetary easing to support the slowing economy.

The CSI300 index rose 1.7 percent, to 4,039.30 points at the end of the morning session, while the Shanghai Composite Index gained 1.6 percent, to 3,750.92 points.

In Hong Kong, the Hang Seng index added 1.5 percent, to 24,853.37 points.   Continuación...