China, Hong Kong stocks up after U.S. keeps rates unchanged
* CSI300 +0.6 pct; SSEC +0.4 pct; HSI +0.4 pct
* U.S. rate decision seen as positive - analyst
* Regulators' comment on margin financing clean-up eases concerns
SHANGHAI, Sept 18 (Reuters) - Stocks in China and Hong Kong rose on Friday morning as the U.S. Federal Reserve held off from raising interest rates, citing in part growing global uncertainties.
Investor attention quickly shifted to domestic issues, with many seeing regulators' guidance to brokerages against an indiscriminate approach in the clean-up of illegal margin financing as being moderately positive.
"The U.S. raising rates would trigger fresh fears of capital flight, so leaving the rates unchanged is positive, though mildly," said Yang Hai, strategist at Kaiyuan Securities.
"Regulators' softening stance in the clean-up of illegal margin financing is also market-soothing. The market had expected an end-September deadline, but obviously, it's not the case."
The market is unusually calm on a day when September index futures contracts will be settled, partly because the duel between the bulls and the bears was largely completed earlier in the week, Yang said.
The CSI300 index rose 0.6 percent, to 3,256.98 points at the end of the morning session, while the Shanghai Composite Index gained 0.4 percent, to 3,098.28 points. Continuación...