HK stocks rise ahead of reopen of China markets after holiday break

Tongcheng Travel Holdings

17/02/2021 04:54

* Hang Seng index gains 0.65%
    * China Enterprises index HSCE rises 1.12% 
    * HS Tech Index climbs 0.75%, HSI finance sector up 1.02%

    Feb 17 (Reuters) - Hong Kong stocks rose on Wednesday,
extending a bull run after the Lunar New Year holidays and on
course for seven consecutive sessions of gains, with increasing
risk appetite from investors on optimism over global economic
recovery.
    ** The market sentiment is strong and positive on the back
of an improving pandemic situation and on anticipation the bull
run will continue when China markets reopen, brokers said.
    ** The Hang Seng index  .HSI  rose 0.65% at 30,946.10 by
mid-day, the highest since June 2018, while the China
Enterprises Index  .HSCE  increased 1.12% to 12,171.05 points.  
    ** The Hang Seng Tech Index  .HSTECH  gained 0.75% and the
Hang Seng sub-index, tracking information technology firms,
 .HSCIIT  rose 0.76%.
    ** China's mainland markets will remain closed for the Lunar
New Year celebrations and 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  slid 0.47%.
    ** The Hong Kong Hang Seng sub-index, tracking property
firms  .HSNP , slid 0.65% and the Hang Seng Finance Index
 .HSNF  surged 1.02%.
    ** The top gainer in the Hang Seng Index was Sands China
 1928.HK , which was up 4.93%, while the biggest percentage
loser was Sunny Optical  2382.HK , which dropped 2.79%.
    ** The biggest gainer in Hang Seng Tech Index was
Tongcheng-Elong Holdings Limited  0780.HK , which soared 11.13%,
while the top percentage loser was Hua Hong Semiconductor
 1347.HK , down 7.31%

    

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