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Actionable news in KONE: Kingtone Wirelessinfo Solution Holding Ltd,

UPDATE 1-Elevator maker Kone raises profit forecast despite weak China

* Q2 EBIT 349 mln euros vs 332 mln in poll

* Lifts 2016 profit forecast

* New orders fell in China, rose in all other regions

* Shares up 4.5 pct (Adds CEO comments, detail)

HELSINKI, July 19 Finnish elevator maker Kone Oyj lifted its full-year earnings forecast and reported a better than expected quarterly profit as growth in other regions offset a decline in the industry's biggest market, China.

The market leader in China said new equipment orders in the country fell about 5 percent in the second quarter, in line with the overall market.

"In China, the new equipment market volumes declined less than in the first quarter, but pricing pressure in the market intensified," Kone Chief Executive Henrik Ehnrooth told a news conference.

He said in the first...