China shares rise on strong banks, Hong Kong slips again

jueves 18 de septiembre de 2014 00:50 GYT

* HSI -0.7 pct, H-shares -0.8 pct, CSI300 +0.5 pct

* Citic Bank leads sector gains, tests 4-1/2-month high

* Property developers drop on weak housing data

* Macau casinos recover after hefty losses (Updates to midday)

By Grace Li

HONG KONG, Sept 18 (Reuters) - China shares extended gains on Thursday morning bolstered by a leap in bank and brokerage stocks, while the Hong Kong market dipped back into the red as economic worries prevailed.

At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.5 percent, while the Shanghai Composite Index was up 0.4 percent at 2,317.01 points.

The Hang Seng Index slipped 0.7 percent to 24,199.87 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.8 percent.

"For Hong Kong, the negative impact mainly comes from the Chinese economy," said Linus Yip, strategist at First Shanghai Securities. "If mainland China is not doing well, some fund inflows would not be as strong as in previous the Hong Kong market is still in a downtrend."   Continuación...