** China's blue-chip CSI 300 Index rose 1.55%, while the Shanghai Composite Index went up 1.17%, both snapping a four-day losing streak.
** Hong Kong's Hang Seng Index and the Hang Seng China Enterprises Index jumped 1.75%, each.
** Shanghai Stock Exchange will hold a meeting with banks,
insurance, funds and brokerages on Wednesday, discussing
"facilitating the valuation improvement and high-quality
development of the financial industry while serving Chinese
modernization," the official Shanghai Securities News reported.
** Investors turned to anticipate more supportive policies
from Beijing to make sure the country economic recovery was on
track after disappointing April trade, inflation and credit data
last week.
** The country's central bank on Monday rolled over maturing
medium-term policy loans while keeping interest rates unchanged,
despite growing concerns on the subdued recovery.
** "As recent data shows very low inflation risks, there are
room for another round of RRR cut or even policy rate cut in
near term," said Dickie Wong, executive director of research at
Kingston Securities.
** Wong also said sentiment is gradually improving ahead of the release of industrial and retail data on Tuesday.
** In China A-shares, insurance and new energy
sector jumped 4.7% and 3.5% to lead the gains,
while media stocks fell 2%.
** Hong Kong-listed Chinese tech firms added 1.3%.
Hang Seng Index heavyweight Tencent gained 3.9%.
** Tech giants including Tencent and Alibaba are
due to report first-quarter earnings this week.
(Reporting by Summer Zhen; Editing by Varun H K and Rashmi
Aich)
