Hong Kong shares fall on Fed rate-rise signal, China stocks edge up

jueves 20 de marzo de 2014 00:55 GYT
 

* HSI -1.1 pct, H-shares -1.2 pct, CSI300 +0.3 pct

* Rebound in China property on private placement approval

* China railway stocks rise on construction plans (Updates to midday)

By Alice Woodhouse and Chen Yixin

HONG KONG/SHANGHAI, March 20 (Reuters) - Hong Kong shares, tracking overseas weakness, fell on Thursday on news the Federal Reserve might raise U.S interest rates sooner than previously thought.

China stocks rose slightly, thanks to a rebound in property counters after two Chinese developers said they received a green light for private placements, and railway counters climbed on construction-project approvals.

At midday, the Hang Seng Index was down 1.1 percent at 21,324.96 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.2 percent.

The CSI300 rose 0.3 percent, while the Shanghai Composite Index was up 0.4 percent at 2,028.85 points. Both swung between negative and positive territory in the morning trade.

Federal Reserve Chair Janet Yellen said the central bank might end its bond-buying programme this autumn and could start to raise interest rates six months after that.   Continuación...