China stocks edge higher on strong energy sector, Hong Kong flat

lunes 16 de junio de 2014 00:58 GYT
 

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

* China oil firms rise as crude moves toward 9-mth highs

* Chongqing Brewery hits 5-month high after div announcement (Updates to midday)

By Grace Li

HONG KONG, June 16 (Reuters) - China shares eked out slim gains in a choppy morning session on Monday, lifted by strength in energy firms after President Xi Jinping's call for a drastic change in the sector as demand rises and supply is constrained.

Hong Kong shares remained tepid with investors awaiting direction from a U.S. Federal Reserve meeting this week.

By midday, the Hang Seng Index inched down 0.1 percent to 23,304.60 points. The China Enterprises Index of the top Chinese listings in Hong Kong was up 0.1 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index each rose 0.2 percent. The Shanghai benchmark stood at 2,074.53 points, its highest level since late April.

"This week we are waiting for more news regarding the U.S. economy, so the Federal Reserve meeting is going to show some indication of whether the U.S. market can go up further," said Steven Leung, sales director at brokerage UOB Kay Hian in Hong Kong.   Continuación...