China shares rebound as first stock options debut, Hong Kong fall

lunes 9 de febrero de 2015 00:54 GYT

* CSI300 +0.7 pct; SSEC +0.3 pct; HSI -0.5 pct

* Financial shares up on stock options launch

* Rebound in blue chips may be short-lived - analyst

SHANGHAI, Feb 9 (Reuters) - China stocks rebounded on Monday as excitement around the launch of the country's first stock options offset worries over the economy following worse-than-expected trade data.

Financial shares, which represent some of the most heavily weighted stocks on the Shanghai Stock Exchange, climbed after the bourse launched options that offer investors a new hedging tool for trading index heavyweights.

"The options will increase trading in blue chips," said Zhou Lin, analyst at Huatai Securities.

"Although initially, the volume is not big, this would be enough to fuel a technical rebound after the recent sell-off, which I think was overdone."

China's first options are based on the exchange-trade fund (ETF) that tracks the SSE50 index, composed of the 50 most heavily weighted stocks on the bourse, reflecting regulators' desire to guide money into blue chips.

The CSI300 index rose 0.7 percent to 3,334.32 points at the end of the morning session, while the Shanghai Composite Index gained 0.3 percent to 3,085.09 points.   Continuación...