China stocks flat as data shows economy stabilizes; Hong Kong shares slip

miércoles 19 de octubre de 2016 00:32 GYT

* SSEC +0.1 pct; CSI300 +0.1 pct; HSI -0.1 pct

* China economy stabilizing, Q3 GDP data in line with expectation

* Coal, non-ferrous metal stocks gain on reform hopes

SHANGHAI, Oct 19 (Reuters) - China stocks were little changed on Wednesday morning after fresh data showed the Chinese economy is stabilizing, as expected, while Hong Kong shares gave up a bit of the previous session's sharp gains.

Both the CSI300 index and the Shanghai Composite Index ended the morning session up 0.1 percent, at 3,322.93 points and 3,087.54 points, respectively.

There was little surprise from China's third quarter gross domestic product (GDP) data. The economy grew 6.7 percent from a year earlier, steady from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports.

"The upshot from today's data is that economic activity seems to be holding up reasonably well, with few signs that a renewed slowdown is just around the corner," wrote Julian Evans-Pritchard, China economist at Capital Economics.

Still, he said, "as the boost from policy stimulus begins to wear off, probably at some point early next year, continued structural drags mean the economy is set to begin slowing again."

Investors continue to focus on companies likely benefit to from Beijing's structural and state-owned enterprise (SOE) reforms.   Continuación...