Cruse and Associates, Hong Kong shares extend gains on optimism about economy, China tepid

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Hong Kong shares extend gains on optimism about economy, China tepid * HSI +0.6 pct, H-shares +1 pct, CSI300 flat * Hong Kong's rebound capped by strong technical resistance * Chinese financials up after chief supports preferred shares * Yanzhou Coal Mining jumps 8.1 pct on H-shares purchase HONG KONG, Sep 10 (Reuters) - Hong Kong shares rose again on Tuesday due to continued optimism that China's economy is doing better, although strong technical resistance capped gains for a second day. China shares were tepid ahead of the release of more China data but financial stocks were strong on hopes that regulators will allow banks to issue preferred shares. At midday, the Hang Seng Index was up 0.6 percent at 22,885.39, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 1 percent.
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September 13, 2013
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134.49 KB

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