China, Hong Kong stocks rally as Fed decision removes uncertainty
* CSI300 +1.7 pct; SSEC +1.5 pct; HSI +1.0 pct
* Fed rate decision makes China policy-making easier - investor
* China c.bank forecast eases economic hard landing fears
SHANGHAI, Dec 17 (Reuters) - China and Hong Kong stocks rallied on Thursday, tracking global markets on improved risk appetite after the U.S. Federal Reserve raised rates for the first time in nearly a decade, as expected.
The Fed tightening removed a major source of uncertainty that had haunted investors for some time, potentially improving risk appetite in the short term, investors said.
"The shoe finally hit the floor," Dacheng Fund Management Co said in a note.
"Risk appetite will likely increase because in the short term, there's no need to be excessively cautious."
China's blue-chip CSI300 index rose 1.7 percent, to 3,748.45 points by midday, while the Shanghai Composite Index gained 1.5 percent, to 3,568.68 points.
The Hang Seng index added 1.0 percent, to 21,906.35 points while the Hong Kong China Enterprises Index gained 1.8 percent, to 9,712.30. Continuación...