China stocks claw back some ground after plunge as regulators, cbank step in
* CSI300 drops 2.5 pct at open,
* CSRC, PBOC intervene to restore confidence
* PBOC injects $20 bln to money markets, intervenes in yuan mkt
* Investors still see room for more slides
By Pete Sweeney and Samuel Shen
SHANGHAI Jan 5 (Reuters) - China stocks rose on Tuesday as financial regulators and the central bank moved aggressively to restore confidence a day after a plunge roiled global markets.
Stocks fell more than 2 percent in early trade, prompting fears that exchanges were set for a second day of panic selling after a 7 percent dive on Monday set off a new "circuit breaker" mechanism, suspending trade nation-wide.
But stocks soon moved back into positive territory thanks to a mixture of policy intervention and hard cash.
The CSI300 index was up 0.8 percent at 3,496.50 points by midday, while the Shanghai Composite Index gained 0.4 percent to 3,309.92. Continuación...