China stocks steady as investors digest earnings; Hong Kong flat

jueves 31 de marzo de 2016 01:03 GYT

* CSI300 +0.3 pct; SSEC +0.4 pct; HSI -0.2 pct

* Banks edge lower on gloomy prospects

* Wanda's HK property unit surges on privatisation plans

SHANGHAI, March 31 (Reuters) - China stocks held steady on Thursday morning after the previous session's 2 percent jump, as markets took comfort in the likely prospect that U.S. interest rates will rise at a slower pace.

Federal Reserve Chair Janet Yellen's remarks earlier in the week that the United States should proceed cautiously as it looks to raise rates continued to prop up market sentiment.

The blue-chip CSI300 index rose 0.3 percent, to 3,226.72 points by the lunch break, while the Shanghai Composite Index gained 0.4 percent, to 3,011.53 points.

But the Hong Kong benchmark index was flat by midday, after hitting near three-month intraday highs. The Hang Seng index dropped 0.2 percent, to 20,768.73 points, while the Hong Kong China Enterprises Index gained 0.2 percent, to 8,996.41.

Performance varied among sectors in China as investors digested a flood of earnings that came out this week.

The banking sector fell 0.4 percent, as three of China's "Big Four" state-owned banks said they were bracing for slower economic growth this year, after they cut dividends and reported near-flat or falling quarterly profits on Wednesday.   Continuación...