Hong Kong stocks rebound on upbeat China inflation data but China retreats
* SSEC -0.5 pct, CSI300 -0.5 pct, HSI 0.6 pct
* China producer prices unexpectedly rise for 1st time in 5 years
* Producer price growth suggest better profits, may ease debtloads
* Listed units of Sinochem and ChemChina up on merger expectations
SHANGHAI, Oct 14 (Reuters) - Hong Kong stocks rebounded on Friday after producer prices in China unexpectedly rose for the first time in nearly five years, pointing to higher profits and giving companies more room to service their debt.
By the lunch break, both the Hang Seng index and the Hong Kong China Enterprises Index were up 0.6 percent at 23,163.80 and 9,549.40 points, respectively.
Stocks in China sagged, however, as investors took profits from gains earlier in the week.
The blue-chip CSI300 index and the Shanghai Composite Index each fell 0.5 percent, to 3,287.38 points and 3,045.14 points, respectively.
The Hong Kong and China markets also looked set for divergent performances on a weekly basis. Continuación...