China, Hong Kong stock rebound fades but weekly performance strong

viernes 19 de febrero de 2016 00:52 GYT

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

* Hong Kong market poised to see best week in 10 months

* Thin trading volume suggest investors remain jittery-trader

SHANGHAI, Feb 19 (Reuters) - China and Hong Kong stocks softened on Friday morning, joining a global correction, as a pause in the oil price rally knocked down energy shares amid lingering concerns about the economy.

Still, the China market is on track to have its best week in two months, while Hong Kong is poised to enjoy its best weekly performance in 10 months.

Some analysts suspect the rebound is petering out, as thin trading volumes suggest investors remain jittery amid economic uncertainty.

China's blue-chip CSI300 index fell 0.4 percent, to 3,041.86 points by lunch break, cutting the week's gain to 2.6 percent. The Shanghai Composite Index lost 0.5 percent, to 2,849.40 points, but for the week, it is up roughly 3 percent.

In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index edged down 0.6 percent, both on track to see their best weeks since April 2015 with gains of over 5 percent.

This week's recovery in risk appetite has been underpinned by a broad rebound in global markets following last week's rout, as a bounce in oil prices bolstered energy and banking shares.   Continuación...