* SSEC +0.3 pct, CSI300 +0.4 pct, HSI +1.2 pct
* Volatile session as market watches U.S. election outcome
* Beijing continues to vow support for private firms
SHANGHAI, Nov 7 (Reuters) - Stocks in China rose in a volatile session amid continued pledges of support for private firms by Beijing, and as investors kept an eye on the outcome of U.S. midterm elections. ** At the midday break, the Shanghai Composite index was up 6.93 points or 0.26 percent at 2,666.28. ** China’s blue-chip CSI300 index was up 0.42 percent, with its financial sector sub-index higher by 0.2 percent, the consumer staples sector up 1 percent, the real estate index up 0.41 percent and the healthcare sub-index up 0.44 percent. ** Chinese H-shares listed in Hong Kong rose 1.04 percent at 10,742.77, while the Hang Seng Index was up 1.17 percent at 26,427.31. ** The smaller Shenzhen index was up 0.59 percent and the start-up board ChiNext Composite index was higher by 0.92 percent. ** China’s Premier said on Tuesday the country will not resort to strong monetary stimulus, but instead it will take targeted policy steps to support private companies and smaller businesses. ** The country’s central bank will step up funding support for private firms including developing an equity financing tool, its chief, Yi Gang, said on Tuesday. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.79 percent while Japan’s Nikkei index was up 0.53 percent. ** The yuan was quoted at 6.9313 per dollar, 0.2 percent weaker than the previous close of 6.9177. ** The largest percentage gainers in the main Shanghai Composite index were Shanghai Shibei Hi-Tech Co Ltd, up 10.09 percent, followed by Shenzhen Geoway Co Ltd, gaining 10.09 percent and Zhejiang Golden Eagle Co Ltd, up by 10.08 percent. ** The largest percentage losses in the Shanghai index were Jiangsu Hongtu High Technology Co Ltd, down 10.02 percent, followed by Eastern Gold Jade Co Ltd, losing 9.96 percent and Hubei Jumpcan Pharmaceutical Co Ltd , down by 6.33 percent. ** So far this year, the Shanghai stock index is down 19.59 percent, while China’s H-share index is down 9.2 percent. Shanghai stocks have risen 2.17 percent this month. ** The top gainers among H-shares were ZhongAn Online P & C Insurance Co Ltd, up 3.82 percent, followed by Guangzhou Automobile Group Co Ltd, gaining 3.29 percent and Air China Ltd, up by 2.92 percent. ** The three biggest H-shares percentage decliners were Great Wall Motor Co Ltd, which has fallen 2.24 percent, China Galaxy Securities Co Ltd, which has lost 1.4 percent, and China Telecom Corp Ltd, down by 0.8 percent. ** About 9.79 billion shares have traded so far on the Shanghai exchange, roughly 64.4 percent of the market’s 30-day moving average of 15.20 billion shares a day. The volume traded was 16.37 billion as of the last full trading day. ** As of 04:41 GMT, China’s A-shares were trading at a premium of 18.15 percent over the Hong Kong-listed H-shares. ** The Shanghai stock index is below its 50-day moving average and below its 200-day moving average. ** The price-to-earnings ratio of the Shanghai index was 11.14 as of the last full trading day, while the dividend yield was 2.8 percent. ** So far this week, the market capitalisation of the Shanghai stock index has fallen by 0.64 percent to 28.45 trillion yuan. ** In Hong Kong, the sub-index of the Hang Seng index tracking energy shares rose 0.9 percent while the IT sector rose 2.1 percent. The top gainer on the Hang Seng was AAC Technologies Holdings Inc, up 5.83 percent, while the biggest loser was Geely Automobile Holdings Ltd, which was down 2.84 percent.
Reporting by Andrew Galbraith; Editing by Gopakumar Warrier