China stocks flat as blue-chips offset small-cap gains

viernes 23 de octubre de 2015 00:31 GYT
 

* CSI300 flat; SSEC flat; HSI +1.3 pct

* ECB signals monetary easing, lifts HK

* More positiveness on mainland stock market

SHANGHAI, Oct 23 (Reuters) - China stocks were steady on Friday morning, as weakness in banking and energy heavyweights offset a second-day of gains for small-caps.

But Hong Kong shares advanced more than 1 percent, tracking global markets after the European Central Bank (ECB) signalled more policy stimulus was on the cards.

The CSI300 index was unchanged at 3,524.36 points at the end of the morning session, while the Shanghai Composite Index was also virtually flat at 3,369.43 points.

The Hong Kong market took its cues from a rally in global equities thanks to ECB's readiness to extend its bond-buying programme to stoke the euro zone economy and spark inflation there.

Still, some investors on the mainland took profit from the recent rebound, although optimism has crept back into the market after a rout in the summer.

"After volatile adjustment over past three months, the risks have been released, and more stocks have entered the area for investment...we can be more positive now," Ni Quansheng, a fund manager with Zheshang Fund said in a quarterly report published on its website on Friday.   Continuación...