Hong Kong shares strong again, China rebound turns tepid

China shares rose cautiously on Thursday, led by a modest rebound in financials, as fears of a credit crunch eased, boosting markets across Asia.

Hong Kong markets climbed to their highest in a week as better-than-expected China industrial profits data also helped buoy sentiment.

By midday, the CSI300 rose 0.2 per cent, while the Shanghai Composite Index was up 0.4 percent at 1,959.24 points, but both quickly pulled back from early highs.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1270247/hong-kong-shares-strong-again-china-rebound-turns-tepid