China shares rebound from 1-month low, Hong Kong slips on property data

viernes 24 de octubre de 2014 00:47 GYT

* HSI -0.1 pct, H-shares -0.4, CSI300 +0.2 pct

* China home-price data shows 1st y/y fall since Nov 2012

* Mainland media firms up on good quarterly results

By Kazunori Takada

SHANGHAI, Oct 24 (Reuters) - China stocks rebounded from one-month lows by midday Thursday, shrugging off downbeat property data as investors snapped up some companies with robust earnings.

Hong Kong shares slipped for a second straight day, weighed down by falls in property shares, while gains on the mainland market were limited as sentiment remained fragile amid concerns over the economy.

The Shanghai Composite Index, after hitting a one-month low earlier in the session, was up 0.3 percent to 2,308.9 points at the midday break. The CSI300 of the leading Shanghai and Shenzhen A-share listings edged up 0.2 percent.

For the week, the mainland indexes were down 1.4 percent and 1.7 percent, respectively.

Average home prices in 70 major Chinese cities last month fell 1.3 percent from a year earlier, the first such decline since November 2012, according to Reuters calculations from data published on Friday by the National Bureau of Statistics (NBS).   Continuación...