Chinese shares advance despite lower PMI, Hong Kong mixed

lunes 1 de septiembre de 2014 00:48 GYT
 

* HSI +0.2 pct, H-shares -0.3 pct, CSI300 +0.4 pct

* ChiNext strong as investors return to growth stocks

* Defence firms strong after Xi calls for military innovation

* Macau gaming sector weak ahead of August data (Updates to midday)

By Grace Li

HONG KONG, Sept 1 (Reuters) - Chinese shares rose on Monday, with defence and media names leading the gains, shrugging off a lower-than-expected official Purchasing Managers' Index (PMI) that added to signs of softness in the economy.

Hong Kong's benchmark index also started the month on a firmer footing as some heavyweight stocks regained momentum after falling last week, but the H-share index fell a bit.

China's official PMI slipped from a 27-month high to 51.1 in August, the government said on Monday, just short of the median forecast of 51.2 in a Reuters poll.

By midday, the Hang Seng Index had inched up 0.2 percent to 24,784.56. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.3 percent.   Continuación...