China shares up despite weak property sector; Hong Kong rises too

martes 18 de marzo de 2014 01:03 GYT

* HSI +0.5 pct, H-shares +0.3 pct, CSI300 +0.2 pct

* Chinese property broadly weak on home price data

* Kweichow Moutai up on spin-off report

* Tencent, ChinaVision rise

By Alice Woodhouse and Chen Yixin

HONG KONG/SHANGHAI, March 18 (Reuters) - China shares rose on Tuesday, in spite of home-price data that hurt property stocks and a mainland media report that a local developer could default on a large loan.

Shares in Kweichow Moutai helped lead gains in Chinese stocks after media reports that the distiller was looking to spin off some of its assets.

Hong Kong shares posted their first gains after four straight days of losses, but investors remained cautious on concerns over Chinese economic growth prospects.

By midday, the Hang Seng Index was up 0.5 percent at 21,577.10 points. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.3 percent.   Continuación...