China tech shares offset weak banks, Hong Kong hit by MidEast tensions

miércoles 25 de noviembre de 2015 00:34 GYT

* CSI300 -0.1 pct; SSEC +0.2 pct; HSI -0.5 pct

* ChiNext rise to 4-month high on economic restructuring hopes

* Hong Kong market lower after Turkey downed Russian fighter jet

SHANGHAI, Nov 25 (Reuters) - China technology shares rose on Wednesday on hopes of more government support for the sector, offsetting modest weakness in cyclical sectors such as banks and infrastructure-related companies.

But Hong Kong shares, which are more vulnerable to global factors, fell amid rising political tensions in the Middle East after Turkey shot down a Russian warplane near the Syrian border on Tuesday.

China's CSI300 index fell 0.1 percent to 3,751.75 points by the end of the morning session, while the Shanghai Composite Index gained 0.2 percent to 3,621.90.

Banks fell 0.7 percent and infrastructure dipped 0.3 percent, but Shenzhen's tech-heavy start-up board ChiNext rose 1.7 percent to a four-month high.

"Despite rising volatility recently, the general trend of the market is still upward," said Yang Hai, strategist at Kaiyuan Securities.

"The government will likely maintain loose monetary policies to ensure smooth economic restructuring."   Continuación...