China shares up after one-child policy change, dairy stocks jump

viernes 30 de octubre de 2015 00:31 GYT
 

* CSI300 +0.2 pct; SSEC +0.1 pct; HSI -0.2 pct

* Dairy stocks up sharply after change to one-child policy

* Chineses financial shares, real estate, info-tech also up

By Nathaniel Taplin

SHANGHAI, Oct 30 (Reuters) - China stocks were bolstered on Friday after the ruling Communist Party announced the government would partially relax its strict regulations on population control.

All couples would be allowed to have two children under the new policy, the government said late on Thursday. For most of the past several decades, most Chinese families were only permitted one child, although restrictions were eased in 2013.

The CSI300 index rose 0.2 percent, to 3,541.78 points at the end of the morning session, while the Shanghai Composite Index gained 0.1 percent, to 3,391.41 points.

China CSI300 stock index futures for November rose 0.1 percent, to 3,438.6, 103.18 points below the current value of the underlying index.

Equities were lifted by food and beverage manufacturing stocks, particularly dairy, and by the finance sector which had sold off heavily in recent days. Real estate and information technology stocks also moved higher.   Continuación...