Hong Kong shares hit over 3-week high on casinos, Tencent

martes 1 de abril de 2014 01:30 GYT

* HSI +1.0 pct, H-shares +0.1 pct, CSI300 +0.9 pct

* Investors shrug off lacklustre Chinese factory report

* Tencent jumps on bargain hunting after recent slide

By Natalie Thomas and Chen Yixin

SHANGHAI, April 1 (Reuters) - Hong Kong shares jumped to their highest level in more than three weeks on Tuesday as casino operators continued their roll and investors snapped up beaten down shares of index heavyweight Tencent.

Mainland markets also gained, with investors unfazed by a private survey showing that Chinese factory activity fell to an eight-month low in March.

At midday, the Hang Seng Index was up 1 percent at 22,360.58 points after touching 22,390.68, its highest intraday level since March 7. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 percent.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.9 percent, while the Shanghai Composite Index was up 0.7 percent at 2,046.62 points.

Gambling stocks extended the previous day's robust gains, fuelled by funds buying into the sector at the start of the quarter and on anticipation of positive Macau monthly gambling revenue data to be released in the afternoon.   Continuación...