February 13, 2012 (Chinavestor) Chinese stocks advanced in Hong Kong but lacked direction in Shanghai on Monday. Greece's approval of the latest austerity measures raised investor sentiment in Europe but failed to lift stocks in Asia. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced 103.5 points or 0.5% while the Shanghai Composite Index (SHA:000001) was virtually unchanged.
Chinese Premier Wen Jiabao said policies need to be "fine tuned" in the upcoming quarters, indicating monetary easing may come. But with sop much uncertainty about Europe's sovereign debt crisis, bulls stayed on the sidelines.