REFILE-China, Hong Kong stocks rebound modestly, eye G20 meeting

viernes 26 de febrero de 2016 03:01 GYT

(Refiles to fix signoff at bottom of story)

* CSI300 +0.65 pct; SSEC +0.43 pct; HSI +1.63 pct

* Small cap in China steady, Shenzhen's ChiNext down 0.95 pct

* Hong Kong's energy, materials stocks rebound after slide

HONG KONG, Feb 26 (Reuters) - China stocks posted modest gains on Friday as markets took a breather after sharp losses in the previous session, while investors awaited policy messages from Chinese and global leaders gathering in Shanghai for a G20 meeting.

The blue-chip CSI300 index, which tumbled more than 6 percent on Thursday, gained 0.65 percent to 2,937.65 points by lunch time, while the Shanghai Composite Index edged up 0.43 percent to 2,753.09.

G20 finance chiefs and central bankers will meet on Friday and Saturday. Current market turmoil and a global economic slowdown are expected to be key topics of discussion.

Chinese officials have gone out of their way this week trying to reassure jittery global investors and the country's major trading partners about the health of the slowing economy and pledging to keep the yuan currency relatively stable and policy accomodative.

But Xiao Shijun, analyst at Beijing-based GuoDu Securities, said investors' confidence in the market remained fragile.   Continuación...