China stocks calm after 2-day slump

China stocks calmed down on Wednesday morning after falling 6 per cent over the past two days, as a rebound in small-caps offset weakness in banking shares. The CSI300 index rose 0.1 per cent, to 3,156.62 points at the end of the morning session, while the Shanghai Composite Index gained 0.2 per cent, to 3,009.57 points. Hong Kong shares also gained slightly in thin trading, as investors anxiously await the US Federal Reserve's decision later in the week on whether to lift rates. CITC Securities lost 2.4 per cent in morning trading, even as most other brokerages bounced. A key index tracking banking stocks fell 1.3 per cent. In Hong Kong, the Hang Seng index added 1.0 per cent, to 21,672.61 points, while the Hong Kong China Enterprises Index gained 0.9 per cent, to 9,791.77, according to Reuters.

--Shuvo--