China stocks rebound, but post worse month since global crisis; HK also up

viernes 29 de enero de 2016 00:50 GYT

* CSI300 +2.3 pct; SSEC +2.0 pct; HSI +1.8 pct

* China says to conduct more liquidity operations

* Fund managers expect rebound after recent slump

SHANGHAI, Jan 29 (Reuters) - China stocks rebounded roughly 2 percent on Friday as investors looked for bargains among severely beaten down shares, but the market is still on track to post its biggest monthly fall since the depths of the global financial crisis.

Hong Kong stocks also bounce, helped by stronger mainland and U.S. stocks.

China's blue-chip CSI300 index rose 2.3 percent to 2,919.35 points by the lunch break, but looked set to end the week with a loss of 6.2 percent.

The Shanghai Composite Index gained 2.0 percent to 2,708.83, on track for a weekly fall of about 7 percent for the week.

For January, both indexes are poised to lose over 20 percent, their biggest monthly decline since the 2008-09 global financial crisis.

Hong Kong's Hang Seng index added 1.8 percent to 19,544.72, while the Hong Kong China Enterprises Index gained 2.3 percent to 8,214.88.   Continuación...