HONG KONG, Oct 2 (Reuters) - Hong Kong shares rose
on Wednesday, putting them on track for a sixth straight session
of gains, as investors cheered China's stimulus measures and
easier home purchase rules.
** By the midday break, the benchmark Hang Seng Index
was up 6% at 22,401.74, and Chinese H-shares listed in Hong Kong
surged 7.21% to 8,051.39. The Hang Seng Index hit its
highest level since January last year earlier in the session.
** The Hong Kong market reopened after the National Day
holiday on Tuesday, while mainland Chinese markets are shut for
the week-long Golden Week holiday.
** "While the large-scale policy measures announced over the
past week are not designed to provide an immediate boost to
economic growth, investors will likely look for early signs of
improving confidence in consumer spending during the Golden Week
holidays (1-7 October)," BNP Paribas said in a research note.
** Around the region, MSCI's Asia ex-Japan stock index
was firmer by 1.57% while Japan's Nikkei index
was down 1.65%.
** The top gainers among H-shares were Longfor ( LNGPF ), up
28.86%, followed by Meituan ( MPNGF ), up 14.94%, and Ping An
Insurance, which advanced 13.26%.
** Hang Seng Tech Index rose 8.72% to 5,166.09 and
Hang Seng Mainland Properties Index jumped 14.68% to
1,691.67. The Hang Seng index tracking energy shares
rose 4.1% while IT stocks rose 6.2%.