Shanghai shares end higher on policy support hopes
SHANGHAI, Sept 2 (Reuters) - Shanghai's benchmark share index ended higher on Thursday and Chinese blue-chips closed unchanged, as investors hoped soft economic data could lead Beijing to roll out further support measures.
** The Shanghai Composite index .SSEC ended 0.84% higher at 3,597.04.
** The blue-chip CSI300 index .CSI300 crept up from small losses to end flat.
** The smaller Shenzhen index .SZSC ended up 0.33% and the start-up board ChiNext Composite index .CNT fell 1.51%.
** China is likely to accelerate fiscal spending and credit growth as its economic recovery slows, but investors are expecting any easing measures from Beijing to be finely targeted as the U.S. Federal Reserve prepares to taper its own stimulus. nL4N2PX15A
** The financial sector sub-index .CSI300FS rose 1.16% and the real estate index .CSI000952 gained 2.01%. The consumer staples sector .CSI000912 fell 1.4%, the healthcare sub-index .CSI300HC tumbled 3.43% and tech shares .CSIINT slipped 1.38%.
** Tech shares have suffered in recent weeks amid heightened regulatory scrutiny. China's transport ministry said that regulators had summoned 11 ride-hailing firms to a meeting to discuss points of concern in the sector. nL1N2Q408B
** An entertainment sub-index .CSI930790 ended down just 0.04% despite China expanding a crackdown on its entertainment industry, telling broadcasters to bar artists with "incorrect political positions" and effeminate styles from shows, and said a "patriotic atmosphere" needed to be cultivated. nL1N2Q402D
** "Dip-buyers in China equities will keep dipping their toes. However, I believe we are a long way still from repricing China equities to a level that balances the government's 'enthusiasm' for common prosperity," Jeffrey Halley, senior Asia Pacific market analyst at OANDA said in a note.
** Foreign investors were net buyers of Chinese A-shares through Stock Connect, with Refinitiv data showing inflows of 9.95 billion yuan ($1.54 billion). .NQUOTA.ZK, .NQUOTA.SH
** At 0702 GMT, the yuan CNY=CFXS was quoted at 6.4612 per U.S. dollar, 0.01% weaker than the previous close of 6.4605.
($1 = 6.4617 Chinese yuan)
(Reporting by Shanghai Newsroom; editing by Uttaresh.V)