Chinese stocks rebound after regulator remarks, GDP; HK gains

martes 20 de enero de 2015 04:39 GYT
 

* CSI300 +1.2 pct; SSEC +1.9 pct; HSI 0.9 pct

* CSRC denies it intentionally sought to quash rally

* GDP data has marginally positive impact on stocks

By Sue-Lin Wong

SHANGHAI, Jan 20 (Reuters) - Chinese shares rebounded on Tuesday from their biggest tumble since the global financial crisis the day before, after the stock regulator denied speculation it had intentionally sought to suppress the market's rally.

The market also took some comfort from China's fourth-quarter growth data, which came in better than expected, but that had only a marginal impact on stocks.

Analysts said the focus of investors remained on capital flows rather than economic fundamentals.

"The GDP data looks to have had some positive impact but the key focus will still be capital flows," said Wang Weijun, an analyst at Zheshang Securities in Shanghai.

He said the market had risen sharply over the past few months and was poised for a correction. China's key share indexes rose 40 percent in the fourth quarter.   Continuación...