SHANGHAI, Sept 10 (Reuters) - China stocks rose on Thursday
lifted by liquor companies, as Wall Street snapped a three-day
losing streak overnight.
** At the midday break, the Shanghai Composite index was
up 0.29% at 3,264.19 points. China's blue-chip CSI300 index
** The CSI300 consumer staples sector jumped 1.41%
as China's biggest liquor makers hit all-time highs as many of
them announced price hikes in recent sessions.
** Analysts said higher upward retail price adjustments were
reflecting recovering demand and as the "golden week" National
Day holiday also loomed.
** China's largest liquor maker, Kweichow Moutai Co,
rose as much as 3% to hit an all-time high and the country's
No.2 liquor maker Wuliangye Yibin Co gained as much
as 2.93% in the morning session.
** The main U.S. indexes rose on Thursday as investors jumped
back in to take advantage of the pullback in tech-related
** That helped China's start-up board ChiNext, which is
up more than 40% this year, gain 0.24% and Shanghai's
tech-focused STAR50 index climb 0.45%.
** Chinese financial technology firm Ant Group's application for
a local IPO on a Nasdaq-style market will be reviewed on Sept.
18, the Shanghai stock exchange said on Wednesday, bringing the
company closer to its up to $30 billion dual-listing.
** Chinese H-shares listed in Hong Kong rose 0.11% to
9,739.54, while the Hang Seng Index gained 0.04% at
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.72%, while Japan's Nikkei index
** The yuan was quoted at 6.8385 per U.S. dollar,
0.1% weaker than the previous close of 6.832.
** This year, the Shanghai stock index is up 7% and the CSI300
has risen 12.8%, while China's H-share index listed in Hong Kong
is down 12.8%. Shanghai stocks have declined 3.87% this month.
(Reporting by Winni Zhou and Andrew Galbraith; Editing by Amy