China H-shares hit 6-week high on railway construction hopes

jueves 3 de abril de 2014 01:24 GYT
 

* HSI +0.4 pct, H-shares +1.2 pct, CSI300 +.2 pct

* Railway stocks up on stimulus announcement

* Prada slides after earnings results disappoint

By Natalie Thomas and Chen Yixin

SHANGHAI, April 3 (Reuters) - Chinese shares listed in Hong Kong rose more than 1 percent to a six-week high on Thursday, with rail firms getting a lift after China's government announced increased investment in rail infrastructure to help boost the economy.

Hong Kong shares were also underpinned on news that mainland investors may receive greater access to buying stocks on the Hong Kong exchange.

By midday, the China Enterprises Index of the top Chinese listings in Hong Kong was up 1.2 percent, having hit its highest intraday level since Feb. 20. The main Hang Seng Index was up 0.4 percent at 22,611.72 points.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.2 percent, while the Shanghai Composite Index was down 0.2 percent at 2,055.95 points.

Chinese media reported on Wednesday that Hong Kong Exchanges and Clearing Ltd (HKEx) had reached an agreement with the Shanghai bourse to offer investors mutual access to each others' markets. HKEx confirmed that it and its mainland counterparts were in talks but said no agreement had yet been reached.   Continuación...