Hong Kong shares post weekly gain; report on cybersecurity review waiver lifts financials

Shenzhou International group

16/07/2021 09:34

* HK->Shanghai Connect daily quota used -3.8%, Shanghai->HK
daily
quota used 3.1%
    * HSI flat, HSCE -0.21%, CSI300 -1.1%
    * HK Exchanges and Clearing jumps 3.8% after media report  

    BEIJING, July 16 (Reuters) - Hong Kong stocks ended higher
on Friday marking a weekly gain on policy support hopes and
after a media report said companies that are going public in the
city will be exempt from cybersecurity reviews.
 
** At the close of trade, the Hang Seng index  .HSI  was up 8.41
points or 0.03% at 28,004.68. The Hang Seng China Enterprises
index  .HSCE  fell 0.21% to 10,152.95.
 
** For the week, the Hang Seng rose 2.41%. 
 
** The benchmark index erased earlier losses in the afternoon
session, after a media report said China plans to exempt
companies going public in Hong Kong from reviews by the
country's cybersecurity regulator, removing one hurdle for
businesses that list in the Asian financial hub instead of the
U.S.  urn:newsml:reuters.com:*:nL4N2OS18L
 
** Shares of Hong Kong Exchanges and Clearing  0388.HK  rose as
much as 5.1% before ending 3.76% higher, touching its highest
level since Feb. 24. urn:newsml:reuters.com:*:nL1N2OS0GV
 
** The sub-index of the Hang Seng tracking the financial sector
 .HSNF  ended 0.35% higher, and the IT sector  .HSCIIT  rose
0.01%.
 
** The top gainer on the Hang Seng on Friday was Xiaomi Corp
 1810.HK , which gained 4.82%, while the biggest loser was
Shenzhou International Group Holdings Ltd  2313.HK , which fell
4.85%.  urn:newsml:reuters.com:*:nL1N2OS0GV
 
** Sentiment was also bolstered by China's better-than-expected
June activity data revealed on Thursday.  urn:newsml:reuters.com:*:nL1N2OR054 
 
** China's main Shanghai Composite index  .SSEC  closed down
0.71% at 3,539.30 points, while the blue-chip CSI300 index
 .CSI300  ended down 1.1%.  urn:newsml:reuters.com:*:nAZN01EKNV
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.37%, while Japan's Nikkei index
 .N225  closed down 0.98%.
    

 (Reporting by Cheng Leng and Andrew Galbraith;Editing by Elaine
Hardcastle)
 ((cheng.leng@thomsonreuters.com; +8610-5669-2129;))