China stocks rebound after circuit breaker halted; Hong Kong also up

viernes 8 de enero de 2016 00:30 GYT
 

* CSI300 +2.8 pct; SSEC +2.4 pct; HSI +1.1 pct

* China suspends circuit breaker mechanism to calm markets

* China resource, energy shares rebound sharply

SHANGHAI, Jan 8 (Reuters) - China stocks swung wildly on Friday before ending the morning session up more than 2 percent, after regulators suspended a newly-minted circuit breaker mechanism to calm investor sentiment.

Hong Kong stocks also gained on signs of stabilisation in markets on the mainland.

The CSI300 index rose 2.8 percent, to 3,384.99 points at the end of the morning session, while the Shanghai Composite Index gained 2.4 percent, to 3,199.56 points.

Late on Thursday, China's securities regulator announced a suspension in circuit breakers after just four days operating the mechanism, saying it had not worked as anticipated in actual situations and was doing more bad than good.

Analysts said the move injected life into the market.

"The market is back to normal. Investors can buy and sell as they wish," said Tian Weidong, analyst at Kaiyuan Securities.   Continuación...