China shares rise on strong carmakers, Hong Kong stocks tepid

viernes 11 de julio de 2014 01:04 GYT

* HSI flat, H-shares -0.1 pct, CSI300 +0.3 pct

* Auto firms rise on H1 sales, policy support for green cars

* Chinese property developers strong on hopes of more easing (Updates to midday)

By Grace Li

HONG KONG, July 11 (Reuters) - China shares edged up early Friday, aided by gains for auto stocks on improved first-half car sales and belief that a government policy promoting "green" vehicles will help in the second half.

Hong Kong markets opened lower, following losses overnight on U.S. bourses, then scratched out gains that couldn't be maintained as banks underperformed.

At midday, the Hang Seng Index was flat at 23,230.63 points. The China Enterprises Index of the top Chinese listings in Hong Kong inched down 0.1 percent. For the week, they were down 1.3 and 1.2 percent, respectively.

The CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.3 percent, while the Shanghai Composite Index rose 0.4 percent at 2,045.40 points.

They were down 1.4 and 0.7 percent this week, respectively, and could have their first weekly loss in three. Both mainland indexes have moved in a 100-point range since May.   Continuación...