Earnings lift China stocks, Hong Kong gains on telecoms

martes 29 de abril de 2014 00:33 GYT

* HSI +0.4 pct, H-shares -0.3 pct, CSI300 +0.3 pct

* Ping An shares gain in mainland but down in HK

* Mainland property firms take a hit

By Natalie Thomas

BEIJING, April 29 (Reuters) - Strong earnings lifted mainland stocks on Tuesday, allowing China's main index to break its four-day losing streak after insurance giant Ping An posted strong Q1 profit.

Hong Kong shares rose, as mainland telecom operators China Mobile and China Unicom continued to rebound after last week's losses, with Unicom shares hitting a 15-week high.

By midday, the CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.3 percent, while the Shanghai Composite Index was up 0.2 percent at 2,006.78 points.

The Hang Seng Index was up 0.4 percent at 22,219.33 points. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.3 percent.

Ping An Insurance Group of China Co Ltd had the biggest impact on both mainland indexes. Shares of the country's second-largest insurer by market value rose 2.4 percent after it posted a 46 percent rise in first-quarter profit.   Continuación...