China shares rise on strong IPO debuts, Hong Kong also firms

jueves 26 de junio de 2014 00:49 GYT

* HSI +0.9 pct, H-shares +1 pct, CSI300 +0.6 pct

* New IPOs surge daily limit in Shenzhen debut

* China oil giants up helped by rising prices (Updates to midday)

By Grace Li

HONG KONG, June 26 (Reuters) - China shares rose on Thursday as the first initial public listings (IPOs) to debut on the mainland in more than four months rose sharply, bolstering sentiment.

Hong Kong markets also regained some momentum, with investors hoping for a further delay in interest rate hikes in the United States after a shockingly poor reading on the economy for the first quarter.

By midday, the Hang Seng Index was up 0.9 percent at 23,079.27 points. The China Enterprises Index of the top Chinese listings in Hong Kong added 1 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 0.6 percent, while the Shanghai Composite Index was up 0.5 percent at 2,036.14 points.

"The uptrend (in China markets) will be limited. The big picture of the economy in the first half of the year, future policy direction and interim results of listed companies are all important factors to look at," said Xiao Shijun, analyst at Guodu Securities in Beijing.   Continuación...