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Hong Kong shares end morning up 2.1 pct led by China stocks on stimulus hopes.
(From AFX Europe (Focus))
HONG KONG (XFN-ASIA) - Share prices finished the morning higher, reversing early weakness, as China stocks were snapped up on hopes that Beijing will unveil more economic stimulus measures.
Mainland property firms and construction materials suppliers outperformed after a top-ranking Chinese official said both central and local governments will "put more effort" into boosting property demand.
Local property developers also continued to be supported by bargain-hunting as Sun Hung Kai Properties' newly-launched housing projects attracted favorable market response.
Conglomerate Wharf surged another 8.7 pct, extending recent strong gains, after a positive recommendation from Goldman Sachs last week.
The Hang Seng index closed the morning up 297.56 points or 2.1 pct at 14,185.80, off a low of 13,659.44 and ...
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