China stocks up intraday on central bank easing, weak data caps rally

Chinese stock investors gave a lukewarm welcome on Tuesday to the central bank's latest monetary policy easing move, as disappointing manufacturing and service sector surveys continued to curb risk appetite.

The CSI 300 index rose 0.4% to 2,889.05 points at the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 2,693.46 points.

China CSI 300 stock index futures for March rose 1.8% to 2,832.4, minus 56.65 points below the current value of the underlying index.

The Hang Seng Index added 0.6% to 19,217.15 points. The Hang Seng China Enterprises Index gained 0.4% to 7,951.20.

The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 136.81.

A value above 100 indicates Shanghai shares are pricing at a premium to shares in the same company trading in Hong Kong, and vice versa.

The northbound quota for the Hong Kong-Shanghai Stock Connect, currently set at 13 billion yuan, saw net inflows of 0.09 billion yuan.

The total volume of A shares traded in Shanghai was 9.28 billion shares while Shenzhen volume was 10.43 billion shares.

The total trading volume of companies included in the Hang Keng Index (HSI) was 0.6 billion shares.