Hong Kong benchmark slips, China stocks gain after upbeat survey

jueves 3 de julio de 2014 01:14 GYT
 

* HSI -0.1 pct, H-shares +0.1 pct, CSI300 +0.4 pct

* Anhui Conch rises after positive profit alert

* Ports and shipping jump on speculation about China-S.Korea FTA (Updates to midday)

By Grace Li

HONG KONG, July 3 (Reuters) - Hong Kong's benchmark index dipped on Thursday at midday but held near the year's high, while China shares eked out slim gains in choppy trade helped by materials and shipping sectors.

Upbeat data on the Chinese services sector released in the morning also helped mainland markets recover losses from earlier in the session.

Activity in the sector expanded at its fastest pace in 15 months in June, according to a services purchasing managers' index (PMI) compiled by HSBC/Markit, reinforcing signs that the broader economy is stabilising.

By midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.4 percent, while the Shanghai Composite Index was up 0.1 percent at 2,061.09 points.

The Hang Seng Index inched down 0.1 percent to 23,526.06 points, off the previous day's highest close in almost seven months. The China Enterprises Index of the top Chinese listings in Hong Kong was 0.1 percent higher.   Continuación...