Hong Kong stocks track mainland gains, end at over 4-month high

China Taiping Insurance Holdings

06/07/2020 10:27

* HK->Shanghai Connect daily quota used 12.9%, Shanghai->HK
daily
quota used 16.1%
    * HSI +3.8%, HSCE +4.7%, CSI300 +5.7%
    * FTSE China A50 +6.5%

    July 6 (Reuters) - Hong Kong shares closed at a more than
four-month high on Monday, tracking equities in the mainland
that rose on hopes of a faster economic recovery, Beijing's
continued reforms in the capital markets and ample liquidity. 
    ** The Hang Seng index  .HSI  rose 3.8% to 26,339.16, while
the China Enterprises Index  .HSCE  gained 4.7%, to 10,726.83.
Both the indexes closed at their highest level since March 5.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 3.9%, while the IT sector  .HSCIIT  rose 1.05%;
the financial sector  .HSNF  ended 4.85% higher and the property
sector rose 4.21%.
    ** Geely Automobile Holdings Ltd  0175.HK  was the top
gainer on the Hang Seng, gaining 15.82%, while the biggest loser
was Sino Biopharmaceutical Ltd  1177.HK , down 4.17%.
    ** China's main Shanghai Composite index  .SSEC  closed up
5.71% at 3,332.88, while the blue-chip CSI300 index  .CSI300 
ended up 5.67%. 
    ** The CSI300 posted its biggest one-day gain since Feb. 25,
2019, while SSEC logged its best session since July 9, 2015.
    ** Aiding the rally, mainland investors purchased about 11.2
billion yuan ($1.59 billion) worth of Hong Kong shares via the
Stock Connect.   
    ** Among other stocks, China's Semiconductor Manufacturing
International Corp (SMIC)  0981.HK  surged 20.6% to a new high
on Shanghai share sale.  urn:newsml:reuters.com:*:nL4N2ED0PF 
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 1.73%, while Japan's Nikkei index
 .N225  closed up 1.83%.
    ** The yuan  CNY=CFXS  was quoted at 7.033 per U.S. dollar
at 09:01 GMT, 0.48% firmer than the previous close of 7.067. 
    ** At close, China's A-shares were trading at a premium of
33.35% over Hong Kong-listed H-shares.
 

($1 = 7.0334 Chinese yuan)

 (Reporting by the Shanghai Newsroom; editing by Uttaresh.V)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))