HONG KONG, July 18 China shares were slightly
higher on Friday, as outperforming property developers and the
consumer staples sector trimmed gains in the afternoon.
The Shanghai Composite Index inched up 0.2 percent
to 2,059.07 points. The CSI300 of the leading Shanghai
and Shenzhen A-share listings rose 0.3 percent. On the week, the
two indexes were up 0.6 and 0.8 percent, respectively.
China Vanke added 3.3 percent and Poly Real
Estate 4.1 percent, leading property gains after
soft home price data triggered expectations of further
mini-stimulus measures by local governments.
Chinese liquor makers also posted solid gains, as investors
expect the sector to draw interests from overseas funds helped
by the upcoming Hong Kong-Shanghai Stock Connect project.
Kweichow Moutai, the top index boost, gained 4.7
percent, pushing gains on the week to 13.5 percent, its best
week since May 2013.
(Reporting by Grace Li; Editing by Jacqueline Wong)