China, Hong Kong rise on easing Brexit fears, cautious Fed tone on rates

miércoles 22 de junio de 2016 00:35 GYT
 

* CSI300 +0.5 pct; SSEC +0.5 pct; HSI: 0.4 pct;

* Market aided by fading Brexit fears, Fed's cautious tone on rate

* ChiNext shares firm on Shenzhen-Hong Kong Connect hopes

SHANGHAI, June 22 (Reuters) - China and Hong Kong shares rose on Wednesday morning, as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothe market sentiment.

China's blue-chip CSI300 index and the Shanghai Composite Index both climbed 0.5 percent, to 3,121.66 points and 2,891.39 points, respectively.

In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added 0.4 percent.

Risk appetite in global markets was helped by opinion polls in recent days that showed rising momentum for the "Remain" camp ahead of Thursday's British referendum on its EU membership.

"The chance of Brexit is getting smaller," said Yang Hai, strategist at Kaiyuan Securities.

"Even if it happens, I'm sure central banks around the world would act to stem a possible market chaos, and the impact on China could be limited."   Continuación...