China shares touch 8-month high despite weak property data

lunes 18 de agosto de 2014 00:55 GYT

* HSI -0.5 pct, H-share -1.0 pct, CSI300 +0.4 pct

* Media-related shares up on Shanghai-Hong Kong stock pilot

* FDI slips 0.4 pct yr/yr, sparking worries about economy

* New home prices fall mth/mth for third straight month

By Chen Yixin and Pete Sweeney

SHANGHAI, Aug 18 (Reuters) - China's stock indexes rose moderately on Monday, with the Shanghai Composite Index touching its highest since December 2013 even amid weak investment and housing data, but home price slides on the mainland dampened shares in Hong Kong.

By midday, the CSI300 index of leading Shanghai and Shenzhen A-share listings was up 0.4 percent and the Shanghai Composite rose 0.4 percent to 2,235.44 points, easing off its highest level since Dec 2013.

In Hong Kong, however, the HSI index was down 0.5 percent at 24,838.4 points, with the China share sub-component underperforming to lose nearly 1 percent.

China's property prices slid for a third straight month in July, but shares in property developers -- many of which are index heavyweights -- evinced no particular reaction, rising in line with their broader indexes.   Continuación...