Hong Kong shares edge up, China stocks produce stronger gains

viernes 21 de marzo de 2014 01:03 GYT
 

* HSI +0.2 pct, H-shares +0.5 pct, CSI300 +1.1 pct

* China indexes lifted by property, banking stocks

* Li & Fung up 16.7 percent on good earnings (Updates to midday)

By Alice Woodhouse and Chen Yixin

HONG KONG/SHANGHAI, March 21 (Reuters) - Hong Kong shares edged higher on Friday, helped by strong gains from Li & Fung after solid earnings, but investors remained bearish on the Chinese economy.

China indexes had bigger gains than Hong Kong's, boosted by large-cap financial and property plays, though traders see little potential for further rises given worries about credit defaults.

By midday, the Hang Seng Index was up 0.2 percent at 21,217.52 points. It was on track for a third straight weekly loss, being down 1.5 percent this week.

The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.5 percent, leaving it down 0.5 percent for the week.

While that index tracking mainland enterprises has dropped almost 20 percent since the start of December, investors on Friday bought selected stocks based on their earnings.   Continuación...