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Hong Kong H-shares up on railway investment, telecoms off on tax pilot

Published on May 2, 2014 2:16 PM

HONG KONG (Reuters) - Chinese shares listed in Hong Kong rose on Friday, lifted by plans for increased investment in railway infrastructure.

Hong Kong's Hang Seng Index was also helped by confidence returning to the tech sector on Wall Street, though there were falls for telecom shares due to China's pilot programme on taxes.

By midday, the Hang Seng Index gained 0.5 per cent at 22,253.31 points, which put it up 0.1 per cent on the week.

The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.6 per cent, leaving it up 0.4 per cent on the week.

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