Hong Kong stocks gain as material firms shine

Shenzhou International group

08/02/2021 08:43

* HK->Shanghai Connect daily quota used 7.2%, Shanghai->HK
daily
quota used 12.1%
    * HSI +0.1%, HSCE +0.0%, CSI300 +1.5%
    * FTSE China A50 +1.0%

    Feb 8 (Reuters) - Hong Kong stocks eked out gains on Monday,
underpinned by material firms, after China reported zero new
local cases of the novel coronavirus and as mainland buying
continued. 
    ** The Hang Seng index  .HSI  gained 0.1% at 29,319.47,
while the China Enterprises Index  .HSCE  was unchanged at
11,560.01 points.   
     ** China reported no new locally transmitted mainland
COVID-19 case for the first time in nearly two months, official
data showed on Monday, adding to signs that it has managed to
stamp out the latest wave of the disease.  urn:newsml:reuters.com:*:nL1N2KE00T   
    ** Mainland investors continued to pour in, buying net of
more than HK$12 billion worth of Hong Kong stocks on Monday via
the Stock Connect, according to Refinitiv data. 
    ** The southbound legs of the Stock Connect linking mainland
and Hong Kong will halt from Feb. 9 through Feb. 17 during
China's Lunar New Year holiday, according to Shanghai and
Shenzhen stock exchanges. 
    ** Market participants looked past the country's market
regulator releasing new anti-monopoly guidelines on Sunday that
targeted internet platforms.  urn:newsml:reuters.com:*:nL1N2KD061 
    ** The Hang Seng tech index  .HSTECH , which tracks many of
China's tech giants, managed to end 0.4% higher.  
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  firmed 0.58%, while Japan's Nikkei index  .N225 
closed up 2.12%.
    ** The yuan  CNY=CFXS  was quoted at 6.457 per U.S. dollar
at 08:30 GMT, 0.15% higher than the previous close of 6.4664. 
    ** At close, China's A-shares were trading at a premium of
36.42% over Hong Kong-listed H-shares.
    

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