Hong Kong shares climb to 2014 high, China stronger on banks and autos

martes 22 de julio de 2014 00:55 GYT
 

* HSI +1.2 pct, H-shares +1.8 pct, CSI300 +1.3 pct

* Chinese carmakers up on more policy support for 'green' cars

* Aluminum Corp hits 7-month high on high global prices

* Property developers extend rally on more easing expectations (Updates to midday)

By Grace Li

HONG KONG, July 22 (Reuters) - Hong Kong's benchmark index reached its highest level in more than seven months early on Tuesday, leading gains in Asia, as recent fund inflows pushed up the territory's blue-chip stocks.

Also pushing up the index were moves by investors to cover their short positions in the absence of negative news from China.

China shares unexpectedly posted solid gains ahead of a deluge of initial public offerings, with volumes robust as sectors from banking to property all strengthened.

By midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings rose 1.3 percent to its highest since June 16, while the Shanghai Composite Index was up 1.0 percent at 2,074.30 points.   Continuación...