Hong Kong shares track Asian markets higher

Shenzhou International group

30/03/2021 09:50

* HK->Shanghai Connect daily quota used 10.7%, Shanghai->HK
daily
quota used 4.3%
    * HSI +0.8%, HSCE +0.7%, CSI300 +1.0%
    * FTSE China A50 +1.2%

    March 30 (Reuters) - Hong Kong stocks closed higher on
Tuesday, in line with other Asian markets, as investors remained
focused on the global vaccination program and shook off worries
about a hedge fund default that hit international banking stocks
overnight. 
    ** At the close of trade, the Hang Seng index  .HSI  was up
239.20 points or 0.84% at 28,577.50. The Hang Seng China
Enterprises index  .HSCE  rose 0.71% to 11,020.87.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  ended flat, while the IT sector  .HSCIIT  rose 1.59%,
the financial sector  .HSNF  ended 0.21% lower and the property
sector rose 1.78%.
    ** The top gainer on the Hang Seng was Shenzhou
International Group Holdings Ltd  2313.HK , which gained 9.52%,
while the biggest loser was China Overseas Land & Investment Ltd
 0688.HK , which fell 4.36%.   
    ** The Hang Seng index could remain rangebound in the short
term, given the uncertainties around the Sino-U.S. tensions,
inflation and overseas markets, Guodu Hong Kong noted in a
report. 
    ** China finalised a sweeping overhaul of Hong Kong's
electoral system on Tuesday, Xinhua news agency reported,
drastically curbing democratic representation in the city as
authorities seek to ensure "patriots" rule the global financial
hub.  urn:newsml:reuters.com:*:nL1N2LS04G 
    ** The measures are part of Beijing's efforts to consolidate
its increasingly authoritarian grip over its freest city
following the imposition of a national security law in June,
which critics see as a tool to crush dissent.
    ** China's main Shanghai Composite index  .SSEC  closed up
0.62% at 3,456.68, while the blue-chip CSI300 index  .CSI300 
ended up 0.95%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.41%, while Japan's Nikkei index
 .N225  closed up 0.16%.
    ** The yuan  CNY=CFXS  was quoted at 6.5683 per U.S. dollar
at 08:22 GMT, 0.01% firmer than the previous close of 6.569. 

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