SHANGHAI, Feb 9 (Reuters) - China and Hong Kong stocks rebounded on Monday, inspired by record-breaking performance on Wall Street, and bullish Asian markets led by Japan.

** Brokerages, meanwhile, recommend investors cling to their stock holdings ahead of next week's Lunar New Year festival, saying the correction, which had brought the market down over 4% from its January 29 peak, likely ended.

** China's blue-chip CSI300 Index .CSI300 climbed 1.4% by the lunch break, set for its best day in a month. The Shanghai Composite Index .SSEC gained 1.2%.

** In Hong Kong, benchmark Hang Seng .HSI rose 1.5%.

** Risk appetite grew after the Dow Jones Industrial Average .DJI closed above the 50,000 mark for the first time on Friday.

** Japanese stocks swept to record peaks on Monday after Sanae Takaichi scored a landslide win in Sunday's snap election.

** Caitong Securities said China's stock turnover is shrinking ahead of the week-long holiday, but the index is starting to rise, "signalling the market correction is almost over."

** "Investors who are willing to hold the stocks through the festival will be rewarded," Caitong said.

** Guosheng Securities, Haitong International and Huajin Securities dispensed similar advice.

** Chinese film producers .CSI930781, media .CSI399810 and entertainment stocks .CSI930790 led gains as investors bet holiday spending will boost their revenue.

** Real-world-asset-related stocks, such as Guotai Junan International 1788.HK and GCL Energy Technology 002015.SZ, rose on bets that they'd benefit from Beijing's move to set up a legal framework for RWA tokenisation business.

** The UBS SDIC Silver Futures fund 161226.SZ rebounded after notching a straight week of daily down limit losses, as prices of the metal bounced.

** China and Hong Kong gold-linked stocks .CSI931238 also bounced, after news that China's central bank extended its gold buying spree for a 15th month in January.

(Reporting by Shanghai Newsroom; Editing by Harikrishnan Nair)

((samuel.shen@tr.com))