Hong Kong stocks gain on mainland buying; tech hits record high

* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK daily quota used 18.6%

* HSI +2.4%, HSCE +2.4%, CSI300 +1.0%

* FTSE China A50 +2.0%

Jan 25 (Reuters) - Hong Kong shares climbed more than 2% on Monday as mainland investors continued to buy into the market via the Stock Connect, with tech and material stocks leading the pack.

** The Hang Seng index closed 2.4% firmer at 30,159.01, while the China Enterprises Index also gained 2.4% to 11,960.49.

** Leading the rally, the Hang Seng tech index jumped 4.5% to a record high, while the Hang Seng materials index rose 2.8%.

** The top gainer in the Hang Seng was Tencent Holdings Ltd

, which gained 10.93%, while the biggest loser was China Unicom Hong Kong Ltd , which closed 3.35% lower.

** Mainland investors on Monday purchased a net HK$20 billion worth of Hong Kong stocks via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.

** "Compared with other markets, Hong Kong stocks remain relatively cheap," said Kenny Ng, an analyst at brokerage Everbright Sun Hung Kai in Hong Kong.

** "More and more large U.S.-listed Chinese companies would also seek listings in Hong Kong, increasing the attractiveness of the city's stock market," he added.

** He, however, urged caution, saying there might be a correction in the coming weeks after recent strong gains.

** Chinese online video company Kuaishou Technology

is aiming to raise $4.95 billion to $5.42 billion in an initial public offering that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters.

** Around the region, MSCI's Asia ex-Japan stock index

was weaker by 0.85%, while Japan's Nikkei index

closed 0.67% firmer.

** The yuan was quoted at 6.4765 per U.S. dollar at 0815 GMT, 0.1% firmer than the previous close of 6.483.

** At close, China's A-shares were trading at a premium of 34.28% over Hong Kong-listed H-shares.

(Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)

((luoyan.liu@thomsonreuters.com; Reuters Messaging: luoyan.liu.thomsonreuters.com@reuters.net))