Hong Kong, China shares up on cross-border trading link, good factory survey

jueves 24 de julio de 2014 01:02 GYT
 

* HSI +0.4 pct, H-shares +0.8 pct, CSI300 +1.3 pct

* Coal firms rise again after govt said studying policies to promote projects

* Property developers extend gains on further loosening

* Huadian Power sinks after Nomura downgrade (Updates to midday)

By Grace Li

HONG KONG, July 24 (Reuters) - China shares jumped on Thursday, outshining Asian peers and pulling up Hong Kong, as more investors plowed money in on hopes for a coming change expected to make it much easier for foreigners to buy Shanghai stocks.

Sentiment was further bolstered by a preliminary HSBC survey that showed China's factory activity expanded at its fastest pace in 18 months in July as new orders surged.

At midday, the Hang Seng Index was 0.4 percent at 24,065.29 points. It briefly reached 24,108, only short of 4 points that would have taken it to a 39-month high.

The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.8 percent to its highest this year.   Continuación...