HK stocks end higher ahead of China markets reopen

Tongcheng Travel Holdings

17/02/2021 08:40

* Hang Seng index rises 1.10% to highest close since June
2018
    * China Enterprises index HSCE rises 1.60%

    Feb 17 (Reuters) - Hong Kong stocks ended higher on
Wednesday, marking the seventh straight session of gains and
extending a bull run ahead of the reopening of mainland markets
after the Lunar New Year break, with sentiment lifted by
optimism over global economic recovery.
    ** The Hang Seng index  .HSI  rose 1.10% to 31,084.94, the
highest close since June 2018, while the China Enterprises Index
 .HSCE  increased 1.60% to 12,228.63.   
    ** The Hang Seng Tech Index  .HSTECH  surged 2.34% and the
Hang Seng sub-index tracking information technology firms
 .HSCIIT  climbed 1.88%.
    ** Brokers said an improving pandemic situation and
expectations the bull run will continue when China markets
reopen helped lift investor sentiment.
    ** China's mainland markets are scheduled to reopen on Feb.
18.
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan  .MIAPJ0000PUS  ticked up 0.59%, while Japan's Nikkei
 .N225  slipped 0.58%.
    ** The Hong Kong's Hang Seng Finance Index  .HSNF  surged
1.37%, while Hang Seng sub-index tracking property firms  .HSNP 
slid 0.41%. 
    ** The top gainer in the Hang Seng Index was AAC
Technologies  2018.HK , which was up 7.11%, while the biggest
percentage loser was Mengniu Dairy  2319.HK , which dropped
2.42%.
    ** The biggest gainer in Hang Seng Tech Index was
Tongcheng-Elong Holdings  0780.HK , which soared 15.02%, while
the top percentage loser was Hua Hong Semiconductor  1347.HK ,
down 6.52%.

 (Reporting by Donny Kwok; Editing by Subhranshu Sahu)
 ((donny.kwok@thomsonreuters.com; +852 3952 5874; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))