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China stocks firm after GDP data, Hong Kong flat

Fri 17th January, 2020 4:43am
* SSEC 0.1%, CSI300 0.2%, HSI 0.0%
    * HK->Shanghai Connect daily quota used 3.1%, Shanghai->HK
quota used 1%
    * FTSE China A50 +0.2%

    SHANGHAI, Jan 17(Reuters) - China stocks rose on Friday, as
investors cheered more signs of resilience in the world's
second-largest economy, with risk appetite also getting a boost
from the signing of the Sino-U.S. trade deal. 
    ** The CSI300 index  .CSI300  rose 0.2% to 4,156.21 points
at the end of the morning session, while the Shanghai Composite
Index  .SSEC  gained 0.1% to 3,076.90. 
    ** China's economic growth slowed to its weakest in nearly
30 years in 2019 amid the bruising trade war and sputtering
investment, and more stimulus steps are expected this year to
help avert a sharper slowdown.*:nL4N29M0E9 
    ** But data on Friday also showed the world's second-largest
economy ended the year on a firmer note as trade tensions eased,
suggesting a raft of growth-boosting measures over the past two
years may finally be starting to take hold.*:nL4N29M0E9 
    ** Analysts and investors believe more signs of modest
recovery in China's economy would help bolster confidence in
capital markets.  
    ** The signing of the Phase 1 Sino-U.S. trade deal also
helped provide support.
    ** Now with at least a deal in place, investors and
consumers would feel things have stabilized, thus helping shore
up confidence, said Fan Lei, an economist with Sealand
    ** Some argue market participants should now turn their
attention more to China's economic trend and the extent of its
internal reforms. 
    ** The trade deal was quite expected, while trade tensions
between China and the United States have actually become a
secondary factor in China's stock market, unless there is a
sudden sharp deterioration in the future, said Zhou Longgang, an
analyst with Huachuang Securities.   
    ** In Hong Kong, the Hang Seng index  .HSI  was unchanged at
28,870.29, while the Hong Kong China Enterprises Index  .HSCE 
was flat at 11,331.54.  
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.09% while Japan's Nikkei index
 .N225  was up 0.47%. 
    ** The yuan  CNY=CFXS  was quoted at 6.8698 per U.S. dollar,
0.15% firmer than the previous close of 6.88. 

 (Reporting by Luoyan Liu and Brenda Goh; Editing by Anil
 ((; Reuters Messaging:
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