Hong Kong stocks rise as more nations look to ease lockdowns

China Resources Gas

11/05/2020 06:05

* SSEC 0.1%, CSI300 0.2%, HSI 2.0%
    * HK->Shanghai Connect daily quota used 2.5%, Shanghai->HK
daily
quota used -2.2%
    * FTSE China A50 +0.3%

    SHANGHAI, May 11 (Reuters) - Hong Kong shares tracked Wall
Street higher on Monday, on course for their best session since
April 7, as more countries looked to restart their economies. 
    ** Chinese H-shares listed in Hong Kong  .HSCE  rose 1.75%
to 10,041.16 by the midday break, while the Hang Seng Index
 .HSI  was up 1.97% at 24,706.50. 
    ** The Shanghai Composite index  .SSEC  was up 0.13% at
2,899.01. 
    ** China's blue-chip CSI300 index  .CSI300  was up 0.21%,
with its financial sector sub-index  .CSI300FS  higher by 0.34%,
the consumer staples sector  .CSI000912  down 0.58%, the real
estate index  .CSI000952  up 0.13% and the healthcare sub-index
 .CSI300HC  down 1.38%.
    ** Millions of French people are set to cautiously emerge
from one of Europe's strictest lockdowns on Monday, as countries
across Europe ease restrictions.  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, Jingyi Pan, market strategist at IG, said in a note.
    ** China reported 17 new COVID-19 cases in the mainland on
May 10, marking the highest daily increase since April 28.
 urn:newsml:reuters.com:*:nL4N2CT0CB  
    ** The country's central bank on Sunday signalled more
policy support for the economy and said it lowered interest
rates on its standing lending facility (SLF) in April.
 urn:newsml:reuters.com:*:nL4N2CT0NT 
    ** The smaller Shenzhen index  .SZSC  was down 0.05% and the
start-up board ChiNext Composite index  .CNT  was weaker by
0.91%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 1.24% while Japan's Nikkei index
 .N225  was up 1.56%.
    ** The yuan  CNY=CFXS  was quoted at 7.0811 per U.S. dollar,
0.09% weaker than the previous close of 7.0749. 
    ** As of 0406 GMT, China's A-shares were trading at a
premium of 25.81% over the Hong Kong-listed H-shares.

 (Reporting by Luoyan Liu and Andrew Galbraith; editing by
Uttaresh.V)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))