China shares rise on property policies, HK dampened by overseas markets

miércoles 8 de octubre de 2014 00:58 GYT

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

* China unveils policies to support property sector

* HSBC PMI falls from 17-month high in September

* Hong Kong down on weak overseas markets

By Chen Yixin and Kazunori Takada

SHANGHAI, Oct 8 (Reuters) - China shares nudged higher on Wednesday, with a key index hitting a 20-month high, supported by strength in property developers after the central bank rolled out policies to boost the struggling sector.

The Shanghai Composite Index rose 0.3 percent to 2,370.86 points by midday, its highest since February 2013, as Chinese market resumed trade after a week-long holiday. The CSI300 of the leading Shanghai and Shenzhen A-share listings gained 0.5 percent.

In Hong Kong, sentiment was dampened by global markets. The Hang Seng Index fell 0.7 percent to 23,253.06 points by midday while the China Enterprises Index of the top Chinese listings in Hong Kong was off 0.8 percent

"The latest property policy had some impact on the performance of the sector today," said Du Changchun, analyst at Northeast Securities in Shanghai, referring to China's real estate sector.   Continuación...