China shares rise led by auto sector, Hong Kong benchmark flat

lunes 26 de mayo de 2014 00:47 GYT
 

* HSI -0.1 pct, H-shares -0.3 pct, CSI300 +0.4 pct

* China auto sector rises after Xi calls for 'green' cars

* Investors like Premier Li's remark on policy fine-tuning

* PetroChina pulls down Hong Kong indexes on profit-taking (Updates to midday)

By Grace Li

HONG KONG, May 26 (Reuters) - China shares rose on Monday, helped by gains for car makers after President Xi Jinping said developing energy-efficient vehicles is the only way to strengthen the country's auto industry.

Investors in the Chinese onshore markets were also cheered by Premier Li Keqiang's remarks, reported by state media late Friday, that timely policy fine-tuning is needed to underpin growth in the world's second-largest economy.

Hong Kong shares were flat after a choppy morning session, dragged down by a weaker energy sector.

At midday, the Hang Seng Index was down 0.1 percent at 22,950.39 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent.   Continuación...