China, Hong Kong stocks rise

Stocks in China and Hong Kong rose on Friday as the US Federal Reserve held off from raising interest rates, citing in part growing global uncertainties. The CSI300 index rose 0.7 per cent to 3,260.81 points by 0201 GMT, while the Shanghai Composite Index gained 0.4 per cent to 3,099.54 points. China CSI300 stock index futures for September fell 0.5 per cent to 3,267.6, 6.79 points above the current value of the underlying index. Hong Kong's Hang Seng index was up 0.6 per cent at 21,981.89. The China Securities Regulatory Commission (CSRC) vowed late on Thursday to continue its clean-up of unregulated margin lending business, but softened its attitude somehow by saying brokerages shouldn't take an indiscriminate approach, accordintg to Reuters.

--Shuvo--