Hong Kong stocks rise as more countries look to ease restrictions

China Resources Gas

11/05/2020 09:58

* HK->Shanghai Connect daily quota used 3.6%, Shanghai->HK
daily
quota used -3.3%
    * HSI +1.5%, HSCE +1.2%, CSI300 -0.1%
    * FTSE China A50 +0.0%

    May 11 (Reuters) - Hong Kong stocks tracked Wall Street
higher on Monday as more countries looked to restart their
economies, though gains were capped by fears of a coronavirus
resurgence in mainland China. 
    ** At the close of trade, the Hang Seng index  .HSI  was up
371.89 points, or 1.53%, at 24,602.06. The Hang Seng China
Enterprises index  .HSCE  rose 1.24% to 9,990.48.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.78%, while Japan's Nikkei index
 .N225  closed up 1.05%.
    ** The yuan  CNY=CFXS  was quoted at 7.0866 per U.S. dollar
at 08:31 GMT, 0.17% weaker than the previous close of 7.0749. 
    ** Millions of French people are set to cautiously emerge
from one of Europe's strictest lockdowns, once more able to
engage in everyday activities that have become unexpectedly
precious, such as visiting shops and getting their hair
cut. urn:newsml:reuters.com:*:nL8N2CS0EA
    ** The disparate situation between the market and the
economic readings on hand appears to have extended through last
week with the continued hopes for speedy recovery alongside
reopening, IG market strategist Jingyi Pan said in a note. 
    ** However, markets pared gains in afternoon trade as
worries resurfaced over the virus resurgence on the mainland. 
    ** Wuhan, the epicentre of the novel coronavirus outbreak in
China, reported five new confirmed cases, all of whom live in
the same residential compound.  urn:newsml:reuters.com:*:nL4N2CT0CB 
    ** China reported 17 new COVID-19 cases in the mainland on
May 10, marking the highest daily increase since April 28.
    ** After signalling more policy support for the virus-hit
economy on Sunday, the Chinese central bank lowered interest
rates on its standing lending facility in April.   urn:newsml:reuters.com:*:nL4N2CT0NT 

 (Reporting by the Shanghai Newsroom; Editing by Subhranshu
Sahu)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))