China shares rose on Friday as consumer firms rallied on buying from overseas investors, although major equities remained well below recent highs due to concerns over gradual policy tightening.
At the midday break, China’s blue-chip CSI300 index was up 1.95%. The index remains down more than 15% from a record high touched on Feb. 18.
The Shanghai Composite index was up 1.37% at 3,409.77 points, leaving it 8.63% below a five-and-a-half-year high touched in February.
Chinese H-shares listed in Hong Kong rose 1.39% to 10,893.35 and the Hang Seng Index was up 1.14% at 28,218.31.
The Hang Seng was supported by a rebound in technology firms, with the Hang Seng tech index up 1.62%, boosted by Xiaomi Corp.