November 14, 2019 / 7:38 AM / 24 days ago

China stocks end firmer as weak data bolsters stimulus hopes

* Shanghai Composite +0.16%, CSI300 +0.15%

* Hikvision falls on CSRC probe

* Industrial activity misses forecasts in Oct; more support seen

SHANGHAI, Nov 14 (Reuters) - China shares rebounded from six-month lows to end higher on Thursday after data reflecting a sharper slowdown in industrial activity in October reinforced expectations that Beijing will introduce fresh measures to support economic growth.

** At the close, the Shanghai Composite index was up 0.16% at 2,909.87. In the previous session, the index hit its lowest closing in more than six weeks. ** The blue-chip CSI300 index ended 0.15% firmer, with its financial sector sub-index lower by 0.3%, the consumer staples sector up 0.01%, the real estate index ended down 0.17% and the healthcare sub-index closed 1.51% higher. ** China’s industrial production rose 4.7% year-on-year in October, significantly slower than expected on weakness in global and domestic demand, and as a drawn-out trade war with the United States weighed on activity. ** The smaller Shenzhen index ended up 0.61%, while the start-up board ChiNext Composite index closed higher by 0.642%. ** Shares in Shenzhen-listed Hangzhou Hikvision Digital Technology Co Ltd fell 2.46% after the company said China’s securities regulator was investigating two Hikvision directors for alleged violations of disclosure rules. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.4%, while Japan’s Nikkei index closed down 0.76%. ** At 0703 GMT, the yuan was quoted at 7.0198 per U.S. dollar, 0.05% firmer than the previous close of 7.023. ** The largest percentage gainers in the main Shanghai Composite index were Eastern Gold Jade Co Ltd, up 10.16%, followed by Universal Scientific Industrial Shanghai Co Ltd , gaining 10.03% and Super Telecom Co Ltd , which closed up 10.02%. ** The largest percentage losses in the Shanghai index were Shangying Global Co Ltd, which closed 10.01% lower, followed by Jiangsu Fengshan Group Co Ltd losing 8.06% and Anhui Andeli Department Store Co Ltd, which ended 7.15% weaker. ** So far this year, the Shanghai stock index rose 16.7% and the CSI300 advanced 29.7%, while China’s H-share index listed in Hong Kong is up 2.8%. Shanghai stocks declined 0.66% so far this month. (Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips)

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