China shares edge up, Hong Kong indexes surge post-holiday break

miércoles 8 de abril de 2015 01:04 GYT
 

* CSI300 +0.2 pct; SSEC +0.1 pct; HSI: +2.4

* ChiNext falls 2.3 pct while Hong Kong's GEM jumps 2.5 pct

* China CNR and CSR both surge 37 pct as Hong Kong reopens

* Hang Seng reaches highest since May 2008

By Samuel Shen and Pete Sweeney

SHANGHAI, April 8 (Reuters) - Chinese stocks rose to another seven-year high early Wednesday in volatile trading, but the Nasdaq-style ChiNext board was down more than 4 percent from record highs at one point.

Hong Kong stocks, trading for the first time since Thursday, reaching their highest since May 2008 as they played catch-up with mainland shares, which carry a 30 percent premium.

In a sign of rising mainland interest in Hong Kong shares, a record 7.8 billion yuan ($1.26 billion) of the southbound quota was snapped up under the Shanghai-Hong Kong Stock Connect scheme.

Some liquidity is moving "as some wealthy individuals and hedge funds in China start investing in Hong Kong," said Qi Yifeng, analyst at consultancy CEBM Group Ltd in Shanghai.   Continuación...