Hong Kong benchmark hits highest since December on property gains; China slips
* HSI +1.0 pct, H-shares +0.6 pct, CSI300 -0.4 pct
* Hong Kong property firms move up sharply
* Macau casinos advance despite soft June revenue data
* Fangda plunges after owner removed from China's parliament (Updates to midday)
By Grace Li
HONG KONG, July 2 (Reuters) - Hong Kong's benchmark index rose to its highest in almost seven months early Wednesday, buoyed by upbeat China and U.S. data and an outperforming property sector.
China shares finished a choppy morning session down, mainly hurt by losses in a few heavyweight stocks, while new listings continuing to jump by the daily limit.
Gains in Hong Kong came as the MSCI's broadest index of Asia-Pacific shares outside Japan hit a three-year peak after upbeat global economic data whetted risk appetites and helped Wall Street reach all-time highs.
Manufacturing activity in China and the U.S. expanded further in June, data showed on Tuesday, when Hong Kong markets were closed for a public holiday. Continuación...