China stocks rise as IT shares outperform

jueves 17 de marzo de 2016 00:16 GYT

* China's CSI300 +0.6 pct, SSEC +0.6 pct

* Hong Kong's HSI +1.4

* ChiNext and internet stocks outperform

* Profit-taking in finance weighs

SHANGHAI, March 17 (Reuters) - China stocks rose on Thursday as strong gains in internet and technology stocks offset selling in the finance sector.

Major indexes flitted between negative and positive territory all morning, but the CSI300 index was up 0.6 percent at 3,109.88 points by the midday break, while the Shanghai Composite Index gained 0.6 percent to 2,886.40.

ChiNext, China's technology-heavy growth board, rose 3 percent, following losses in the previous two sessions.

Analysts attributed the moves to investors rotating capital out of overbought sectors such finance, which outperformed on Wednesday.   Continuación...