Tencent, casinos pull Hong Kong up; China firms gain on Alibaba spending spree

miércoles 9 de abril de 2014 01:00 GYT

(Updates to midday)

* HSI +1.0 pct, H-shares +0.4 pct, CSI300 -0.1 pct

* Alibaba buys stake in Wasu Media, its second firm in two days

* Casino stocks swing back into positive territory

By Natalie Thomas

SHANGHAI, April 9 (Reuters) - Hong Kong shares extended gains from the previous day on increases in Tencent and casino shares as well as modest rises in mainland banking stocks, sending the Hang Seng Index to its highest intraday level since February.

Mainland shares had a mixed morning, as investors cashed in on the previous day's gains, after the banking sub-index closed up at its highest level since Dec. 19.

By midday, the Hang Seng Index was up 1.0 percent at 22,825.4 points, its highest level since Feb. 28. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.4 percent.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was down 0.1 percent, while the Shanghai Composite Index was up 0.1 percent at 2,100.89 points.   Continuación...