Hong Kong shares edge up on Fed relief, power sector lifts China

jueves 10 de julio de 2014 00:47 GYT

* HSI +0.3 pct, H-shares +0.3 pct, CSI300 flat

* Chinese power sector helped by report on reform plan

* Hong Kong property rebounds as interest rate rise seems delayed

* BOC extends losses; it denies state TV report on money laundering (Updates to midday)

By Grace Li

HONG KONG, July 10 (Reuters) - Hong Kong shares rose on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

Chinese shares eked out slim gains in choppy trade, led by power producers after media reported that a draft plan for electric power system reforms had been finished.

Exports in China grew 7.2 percent in June from a year earlier, less than the 10.6 percent forecast in a Reuters poll, offering no conclusive evidence yet on whether the economy can stabilise without additional government stimulus measures.

By midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was flat, while the Shanghai Composite Index had inched up 0.2 percent to 2,042.92.   Continuación...