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Shanghai Composite +0.2%

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Hang Seng -1%

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Yuan opens weaker at 7.0795 per dollar

(Recasts on market open, changes dateline to SHANGHAI)

SHANGHAI, Oct 14 (Reuters) - China's stock markets rose

in early trade on Monday as the latest government stimulus

promises lifted property shares, though without re-igniting the

euphoria of late last month.

The Shanghai Composite was 0.2% higher and the blue

chip CSI300 rose 0.4%. Hong Kong's Hang Seng

fell 1%, with the sentiment-sensitive tech sector sliding.

China's yuan opened weaker at 7.0795 per dollar.

The country's main stock indexes have been on a

rollercoaster ride since late last month when a series of rate

cuts, news reports and announcements raised expectations of a

major government rescue effort for China's ailing economy.

At a Saturday news conference Finance Minister Lan Foan

reiterated plans to help, promising to raise government debt. He

did not spell out exactly how much the government will spend or

how quickly, and investors sounded disappointed.

Still, Goldman Sachs estimated that measures announced on

Saturday and last week would possibly add 0.4 percentage points

to growth next year, and the bank's analysts upgraded a 2025

real GDP growth forecast from 4.3% to 4.7%.

Global commodity markets from iron ore to other industrial

metals and oil have also been volatile, along with currencies

such as the Australian dollar that are typically

sensitive to China's economic conditions.

The Australian dollar fell in morning trade along with oil

prices.

Weekend data showed inflation slowing and producer price

deflation deepening, while a raft of Chinese data due this week

- including gross domestic product - is seen likely to be soft

and add pressure on Beijing to act urgently to revive flagging

demand.

Passenger vehicle sales, however, rose 4.3% in September

from a year earlier, snapping five months of decline thanks to a

subsidy encouraging trade-ins.