HONG KONG May 2 Hong Kong shares ended up on
Friday, averting a third straight week of losses, as gambling
stocks rose on improved revenue and Chinese railway counters
jumped on increased infrasture investment plans.
The Hang Seng Index closed up 0.6 percent at
22,260.67 for the day, up 0.2 percent on the week.
The China Enterprises Index of the top Chinese
listings in Hong Kong closed up 0.2 percent and flat on the
Chinese railway stocks listed in Hong Kong jumped as China
increased its railway infrastructure spending target for 2014 to
800 billion yuan ($127.81 billion), sources told Reuters.
China Railway Group Ltd soared 9.3 while China
Railway Construction Corp closed up 7.3 percent.
Shares in casino companies rose after Macau gambling revenue
grew 10.6 percent in April to 31.3 billion patacas ($3.9
billion), beating estimates..
Wynn Macau Galaxy Entertainment Group Ltd
and Sands China gained 4.1 percent, 3
percent and 2.1 percent respectively.
($1 = 6.2593 Chinese Yuan)
(Reporting by Alice Woodhouse; Editing by Richard Borsuk)