Hong Kong H-shares up on railway investment, telecoms off on tax pilot

viernes 2 de mayo de 2014 01:02 GYT

* HSI +0.5 pct, H-shares +0.6 pct; China markets shut

* Telecom stock fall on China pilot tax program

* China railway sector jumps on plan for more investment

* China Mengniu Dairy up on tighter milk import controls (Updates to midday)

By Alice Woodhouse

HONG KONG, May 2 (Reuters) - Chinese shares listed in Hong Kong rose on Friday, lifted by plans for increased investment in railway infrastructure.

Hong Kong's Hang Seng Index was also helped by confidence returning to the tech sector on Wall Street, though there were falls for telecom shares due to China's pilot programme on taxes.

By midday, the Hang Seng Index gained 0.5 percent at 22,253.31 points, which put it up 0.1 percent on the week.

The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.6 percent, leaving it up 0.4 percent on the week.   Continuación...