China stocks rise over 1 pct after long holiday but property curbs weigh

lunes 10 de octubre de 2016 00:55 GYT

* SSEC 1.3 pct, CSI300 1.2 pct, Hong Kong market closed

* China property shares slump on fresh purchase restrictions

* Impact of U.S. presidential election on China limited -traders

SHANGHAI, Oct 10 (Reuters) - China stocks rose over 1 percent on Monday as investors returning from a week-long holiday caught up to buoyant global markets, but gains were capped by selling in property shares as more cities imposed curbs on home purchases to cool surging prices.

The second U.S. presidential debate drew limited attention from fund managers in China, with investors more focused on the impact of fresh property measures introduced over the "Golden Week" holiday by over a dozen Chinese cities.

China's central bank governor, in remarks released on Saturday, stepped up the rhetoric against rapid rises in home prices and continued credit growth, signalling further action.

China's blue-chip CSI300 index rose 1.2 percent, to 3,291.49 points by the lunch break, while the Shanghai Composite Index gained 1.3 percent to 3,042.18.

During China's National Day holiday, Asian shares flirted with one-month highs, while Wall Street stocks were also firm.

Investors also responded positively on Monday to a private survey result showing China's services sector created jobs at the fastest pace in seven months in September as new business picked up.   Continuación...