China stocks rise on policy easing expectations, Hong Kong up

jueves 26 de febrero de 2015 00:51 GYT
 

* CSI300 +1.7 pct, SSEC +1.4 pct

* HSI +0.8 pct, HSCE +1.3 pct

* Analysts see technical rebound after Wednesday's profit taking

SHANGHAI, Feb 26 (Reuters) - China stocks rose on Thursday as financials led the index higher on expectations of further monetary easing.

Thursday's gains were heavily concentrated in the finance sector, with more than half the gains to midday coming from major banks, insurers and securities firms.

China Life Insurance Co, the nation's largest commercial insurer, was up 3.9 percent while ICBC and Bank of China were up 1.5 percent and 1.7 percent, respectively.

"Financial shares have lagged the broad market recently so the rise we see today is a technical rebound," said Hou Yingmin, strategist at AJ Securities Co.

"There's no improvement in economic fundamentals, so the market is betting on more policy easing measures ahead."

Railway and equipment stocks also rose, accounting for around seven points of the Shanghai Composite's 45-point gain.   Continuación...