China, Hong Kong stocks edge up, led by property shares
SHANGHAI, Nov 1 (Reuters) -Mainland China and Hong Kong stocks edged higher at the open on Friday, lifted by property shares, with investors anxiously awaiting a key meeting in Beijing and the U.S. presidential election next week.
China's blue-chip CSI300 Index .CSI300 and the benchmark Shanghai Composite Index .SSEC inched up about 0.1% each. Hong Kong's benchmark Hang Seng .HSI was up 0.6%.
Property shares led gains in early deals, with a sub-index measuring the performance of the sector .CSI000952 rising about 2%.
Prices of new homes in China rose at a faster pace in October, traditionally a peak season for house hunting, a private survey showed on Friday, suggesting that recent support measures could be having some early impact in a crisis-hit market.
Separately, China's central bank said on late Thursday that it injected 500 billion yuan into its banking system in October through outright reverse repos, in a bid to keep cash conditions ample in the run up to the year-end.
China stocks rally strongly https://reut.rs/3ZQNtV0
China's benchmark stock index logs biggest daily gain since 2008 https://reut.rs/4dmrDfq
Reporting by Shanghai Newsroom; editing by Alan Barona
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