* SSEC 0.6 pct, CSI300 0.7 pct, HSI 0.5 pct
* Energy stocks jump on higher oil prices after surprise
* Hong Kong sentiment aided by progress in Shenzhen Connect
SHANGHAI, Sept 29 Hong Kong and China shares
rose on Thursday, with sentiment lifted by a jump in energy
stocks as oil prices surged after OPEC members agreed to curb
output in a surprise deal.
Hong Kong's benchmark Hang Seng index added 0.5
percent to 23,731.97 points by lunch break, while the Hong Kong
China Enterprises Index gained 0.9 percent to 9,809.71.
An index tracking Hong Kong's energy sector jumped
5 percent, as Chinese oil giants CNOOC, PetroChina
and Sinopec Corp rose sharply.
Oil prices extended gains after rising nearly 6
percent on Wednesday after OPEC struck a deal to limit crude
output, the organization's first agreement to cut production
Sentiment was also aided by concrete progress toward the
launch of Shenzhen-Hong Kong Stock Connect, an
eagerly-anticipated cross-border scheme that will channel more
mainland Chinese money into Hong Kong's stock market.
The Stock Exchange of Hong Kong Ltd published on its website
late Wednesday further information on the Shenzhen Connect to
facilitate business and technical preparation.
All the main sectors in Hong Kong, except for property
, ended the morning session in positive territory.
In China, the blue-chip CSI300 index rose 0.7
percent, to 3,252.10 points, while the Shanghai Composite Index
gained 0.6 percent, to 3,004.64 points.
All the main sectors rose in China, with coal miners
rising sharply, as investors bet higher oil prices
would lead to higher consumption of coal.
Trading was thin as investors are reluctant to make fresh
bets ahead of the week-long National Day holiday that starts on
"The market is still in a range-bound trading pattern, and I
don't see a clear trend forming in either direction," said David
Dai, Shanghai-based investor director at Nanhai Fund Management
"History data tells us that China's market is likely to rise
after a long holiday, so we've decided to hold our positions."
Dai's view reflects investors' lingering concerns over
China's economic health.
A private survey showed that China's economy was less
healthy in the third quarter than a recent spate of upbeat data
had suggested, with growth coming exclusively from manufacturing
and property while the services and retail sectors faltered.
(Reporting by Samuel Shen; Editing by Simon Cameron-Moore)