Hong Kong, China shares rise; set for biggest weekly gain since Sept

viernes 14 de febrero de 2014 00:54 GYT

* HSI +0.4 pct, H-shares +0.5 pct, CSI300 +0.4 pct

* Melco Crown buoyed by solid Q4 result

* Tencent at record high in return to earnings visibility

* China Cinda tanks on 1st day of short selling in HK shares

By Clement Tan

HONG KONG, Feb 14 (Reuters) - Hong Kong shares edged up but were off the day's highs by midday on Friday, with the Macau casino, Chinese Internet and healthcare sectors among prominent outperformers.

Mainland markets also crept higher, rounding out strong gains this week as China and Hong Kong recovered from an emerging market sell-off late last month. Key benchmark indexes were set for their biggest weekly gains since September.

At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.4 percent, while the Shanghai Composite Index rose 0.5 percent. On the week, they are each up more than 3 percent.

The Hang Seng Index gained 0.4 percent to 22,253.8 points, just shy of its 200-day moving average at about 21,494 points after having climbed nearly 3 percent this week. The China Enterprises Index of the top offshore Chinese listings in Hong Kong was up 0.5 percent after rising by as much as 1.3 percent earlier in the day.   Continuación...