Hong Kong shares rise on Chinese surveys, though mainland markets tepid

martes 3 de junio de 2014 01:00 GYT

* HSI +0.7 pct, H-shares +1.1 pct, CSI300 +0.2 pct

* Hang Seng Index touches a five-month high in early trade

* China oil firms soars after media report on exploration licenses (Updates to midday)

By Grace Li

HONG KONG, June 3 (Reuters) - Hong Kong shares rose on Tuesday, led by financial and property stocks, after solid Chinese manufacturing surveys reinforced hopes that the China's economy may be improving after a few weak months.

But the Chinese onshore markets remained unimpressed, finishing the morning session with moderate gains with dairy and property firms being the biggest drags.

Mainland and Hong Kong markets were closed on Monday for a holiday.

China's official manufacturing purchasing managers' index (PMI) for May came in on Sunday at 50.8, higher than an expected 50.6, while the HSBC/Markit final PMI reading was 49.4, its best performance in four months but lower than the flash 49.7 reading.

At midday Tuesday, the Hang Seng Index was up 0.7 percent at 23,243.77 points, earlier touching its highest since Jan. 2 and trimming losses on the year to less than one percent. The China Enterprises Index of the top Chinese listings in Hong Kong gained 1.1 percent.   Continuación...