Cruse and Associates, Hong Kong shares extend gains on optimism about economy, China tepid
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. The CSI300 was flat, while the Shanghai Composite Index was up 0.2 percent at 2,217.52 points, after Shanghai shares had their best day in nine months on Monday.
Published Friday, September 13, 2013 by Nicholas Shelton
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