Hong Kong stocks end higher as energy, IT shares gain

Xinyi Solar Holdings

24/06/2021 09:40

* HK->Shanghai Connect daily quota used 7.3%, Shanghai->HK
daily
quota used 2.3%
    * HSI +0.2%, HSCE +0.0%, CSI300 +0.2%
    * FTSE China A50 +0.5%

    SHANGHAI, June 24 (Reuters) - Hong Kong stocks eked out
gains on Thursday, helped by energy and IT firms, with investors
reassessing U.S. Federal Reserve statements on inflation and
looking to upcoming data for direction.
    ** The Hang Seng index  .HSI  ended 65.39 points or 0.23%
higher at 28,882.46. The Hang Seng China Enterprises index
 .HSCE  rose 0.03% to 10,677.31.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 0.8%, the IT sector  .HSCIIT  added 0.5%, the
financial sector  .HSNF  ended 0.01% higher and the property
sector dipped 0.19%.
    ** The top gainer on the Hang Seng was Xinyi Solar Holdings
Ltd  0968.HK , which gained 3.35%, while the biggest loser was
Techtronic Industries Co Ltd  0669.HK , which fell 2%. 
    ** Europe released strong manufacturing activity data on
Wednesday, while figures on ISM manufacturing and U.S. non-farm
payrolls are due next week. 
    ** On Wednesday, two Fed officials said a period of high
inflation in the United States could last longer than
anticipated, just a day after Fed Chair Jerome Powell played
down rising price pressures.  urn:newsml:reuters.com:*:nL2N2O31WU  
    ** Shares of China's property developer Evergrande Group
 3333.HK  closed up 4.2%, after the company said it had arranged
its own funds of HK$13.6 billion ($1.75 billion) to repay bonds
due on Monday.  urn:newsml:reuters.com:*:nB9N2NS00P 
    ** GCL New Energy Holdings Ltd  0451.HK  lost 1.9%, after
the U.S. banned imports of solar panel material from Chinese
company.  urn:newsml:reuters.com:*:nL2N2O52TT 
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.15%, while Japan's Nikkei index
 .N225  closed unchanged for the day.
    ** The yuan  CNY=CFXS  was quoted at 6.4738 per U.S. dollar
at 0813 GMT, 0.02% firmer than the previous close of 6.4748. 
    ** At close, China's A-shares were trading at a premium of
37.80% over Hong Kong-listed H-shares.

($1 = 7.7645 Hong Kong dollars)

 (Reporting by the Shanghai Newsroom; editing by Uttaresh.V)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))