China stocks inch up, lag gains by other Asian markets

martes 12 de julio de 2016 00:33 GYT

* CSI300 +0.1 pct, SSEC flat, HSI +0.5 pct

* A- and H-shares rise modestly on S&P record high

* Chinese market still seeking direction - analysts

By Nathaniel Taplin

SHANGHAI, July 12 (Reuters) - China stocks edged up on Tuesday after the U.S. benchmark S&P 500 touched a new high overnight, but lagged gains in other Asian markets as domestic investors awaited growth data and details on planned reforms.

China's main indexes moved in and out of positive territory all morning after a strong open.

The CSI300 index, helped by finance and manufacturing shares, rose 0.1 percent, to 3,207.93 points at the end of the morning, while the Shanghai Composite Index was unchanged at 2,994.88 points.

China CSI300 stock index futures for July rose 0.2 percent, to 3,202.8, or 5.13 points below the current value of the underlying index.

Analysts said the Chinese market was mostly in a holding pattern, waiting for more information on proposed reforms and second quarter GDP growth data on Friday.   Continuación...