Tech, healthcare shares lead China market higher; Hong Kong up

lunes 7 de diciembre de 2015 00:54 GYT

* CSI300 +0.5 pct; SSEC +0.4 pct; HSI +0.4 pct

* Property shares pull back, led by Vanke

* Premier Li vows to deal with 'zombie' firms ruthlessly

SHANGHAI, Dec 7 (Reuters) - China stocks were firm on Monday morning, with investors rotating from property companies back into tech and healthcare, sectors that Beijing hopes will be new engines of growth.

Hong Kong stocks also climbed, after a strong rally in Wall Street, as investors near an expected U.S. rate hike, the first in nearly a decade.

China's CSI300 index rose 0.5 percent, to 3,694.14 points by lunch break, and the Shanghai Composite Index gained 0.4 percent, to 3,539.04 points.

An avalanche of data in coming weeks is likely to show China's economic performance remains sluggish, reinforcing expectations that Beijing will carry out more stimulus measures in months ahead.

Investors are apparently making their bets on sectors that would benefit from a government-engineered economic restructuring.

Such conviction was bolstered by Premier Li Keqiang's vow to ruthlessly deal with "zombie" firms, which are generally understood to be loss-making companies in sectors such as coal-mining and steel-making.   Continuación...