Hong Kong and China shares up on inflation data, solid Wall St; property strong

lunes 11 de agosto de 2014 00:51 GYT

* HSI +1.2 pct, H-shares +1.6 pct, CSI300 +1.3 pct

* China property sector lifted by provincial-level easing

* Orient Overseas jumps as earnings top forecast

* Brightoil surges after closing deal with Anadarko (Updates to midday)

By Grace Li

HONG KONG, Aug 11 (Reuters) - Hong Kong and China shares started the week strongly, with property and financial counters leading gains, as mild Chinese consumer inflation data on Saturday gave authorities room to further relax monetary policy.

The Hong Kong market was also lifted by Friday's Wall Street rally rooted in an easing of tensions in Ukraine.

At midday, the Hang Seng Index was up 1.2 percent at 24,620.08 points and appeared on track to snap a three-day losing streak. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.6 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.3 percent, while the Shanghai Composite Index added 1.1 percent to 2,218.00 points.   Continuación...