Hong Kong stocks track broader Asia higher on White House transition, vaccine hopes

Guangdong Investment

24/11/2020 08:38

* HK->Shanghai Connect daily quota used 0%, Shanghai->HK
daily
quota used 4.4%
    * HSI +0.4%, HSCE -0.5%, CSI300 -0.6%
    * FTSE China A50 -0.8%

    Nov 24 (Reuters) - Hong Kong stocks ended higher on Tuesday,
tracking other Asian markets, as sentiment was lifted globally
after a federal agency gave U.S. President-elect Joe Biden the
go-ahead to begin his White House transition and on progress on
a COVID-19 vaccine. 
    ** At the close of trade, the Hang Seng index  .HSI  was up
102.00 points or 0.39% at 26,588.20. The Hang Seng China
Enterprises index  .HSCE  fell 0.51% to 10,612.58.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 0.1%, while the IT sector  .HSCIIT  dipped
0.26%, the financial sector  .HSNF  ended 0.45% higher and the
property sector rose 1.24%.
    ** The top gainer on the Hang Seng was Hong Kong Exchanges
and Clearing Ltd  0388.HK , which gained 4.03%, while the
biggest loser was WuXi Biologics (Cayman) Inc  2963.HK , which
fell 4.17%.
    ** U.S. President Donald Trump tweeted that he had told his
team "do what needs to be done with regard to initial
protocols", after a U.S. federal agency that must sign off on
the presidential transition told Biden on Monday that he can
formally begin the hand-over process.  urn:newsml:reuters.com:*:nL1N2I91XS 
    ** The progress made on COVID-19 vaccines, which had
underpinned Wall Street overnight, helped keep risk appetite
elevated as it boosted optimism about a quicker revival for the
global economy.
    ** AstraZeneca  AZN.L  said on Monday its COVID-19 vaccine,
cheaper to make, easier to distribute and faster to scale-up
than its rivals, could be as much as 90% effective.  urn:newsml:reuters.com:*:nL4N2I91B5
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.79%, while Japan's Nikkei index
 .N225  closed up 2.5%.
    ** The yuan  CNY=CFXS  was quoted at 6.5746 per U.S. dollar
at 08:11 GMT, 0.16% firmer than the previous close of 6.585. 
    ** At close, China's A-shares were trading at a premium of
43.03% over Hong Kong-listed H-shares.

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