Josonchong92
2021-01-26
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Hong Kong stocks gain on mainland buying; tech hits record high
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2021-01-26
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tech hits record high","url":"https://stock-news.laohu8.com/highlight/detail?id=2106641072","media":"Reuters","summary":"* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK daily quota used 18.6%\n* HSI +2.4%, HSCE ","content":"<p>* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK daily quota used 18.6%</p>\n<p>* HSI +2.4%, HSCE +2.4%, CSI300 +1.0%</p>\n<p>* FTSE China A50 +2.0%</p>\n<p>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.</p>\n<p>** 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.</p>\n<p>** Leading the rally, the Hang Seng tech index jumped 4.5% to a record high, while the Hang Seng materials index rose 2.8%.</p>\n<p>** The top gainer in the Hang Seng was Tencent Holdings Ltd</p>\n<p>, which gained 10.93%, while the biggest loser was China Unicom Hong Kong Ltd , which closed 3.35% lower.</p>\n<p>** 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.</p>\n<p>** \"Compared with other markets, Hong Kong stocks remain relatively cheap,\" said Kenny Ng, an analyst at brokerage Everbright Sun Hung Kai in Hong Kong.</p>\n<p>** \"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.</p>\n<p>** He, however, urged caution, saying there might be a correction in the coming weeks after recent strong gains.</p>\n<p>** Chinese online video company Kuaishou Technology</p>\n<p>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.</p>\n<p>** Around the region, MSCI's Asia ex-Japan stock index</p>\n<p>was weaker by 0.85%, while Japan's Nikkei index</p>\n<p>closed 0.67% firmer.</p>\n<p>** The yuan was quoted at 6.4765 per U.S. dollar at 0815 GMT, 0.1% firmer than the previous close of 6.483.</p>\n<p>** At close, China's A-shares were trading at a premium of 34.28% over Hong Kong-listed H-shares.</p>\n<p>(Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)</p>\n<p>((luoyan.liu@thomsonreuters.com; 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line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks gain on mainland buying; tech hits record high\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-01-25 16:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK daily quota used 18.6%</p>\n<p>* HSI +2.4%, HSCE +2.4%, CSI300 +1.0%</p>\n<p>* FTSE China A50 +2.0%</p>\n<p>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.</p>\n<p>** 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.</p>\n<p>** Leading the rally, the Hang Seng tech index jumped 4.5% to a record high, while the Hang Seng materials index rose 2.8%.</p>\n<p>** The top gainer in the Hang Seng was Tencent Holdings Ltd</p>\n<p>, which gained 10.93%, while the biggest loser was China Unicom Hong Kong Ltd , which closed 3.35% lower.</p>\n<p>** 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.</p>\n<p>** \"Compared with other markets, Hong Kong stocks remain relatively cheap,\" said Kenny Ng, an analyst at brokerage Everbright Sun Hung Kai in Hong Kong.</p>\n<p>** \"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.</p>\n<p>** He, however, urged caution, saying there might be a correction in the coming weeks after recent strong gains.</p>\n<p>** Chinese online video company Kuaishou Technology</p>\n<p>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.</p>\n<p>** Around the region, MSCI's Asia ex-Japan stock index</p>\n<p>was weaker by 0.85%, while Japan's Nikkei index</p>\n<p>closed 0.67% firmer.</p>\n<p>** The yuan was quoted at 6.4765 per U.S. dollar at 0815 GMT, 0.1% firmer than the previous close of 6.483.</p>\n<p>** At close, China's A-shares were trading at a premium of 34.28% over Hong Kong-listed H-shares.</p>\n<p>(Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)</p>\n<p>((luoyan.liu@thomsonreuters.com; Reuters Messaging: luoyan.liu.thomsonreuters.com@reuters.net))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00981":"中芯国际","00762":"中国联通","TCEHY":"腾讯控股ADR","00857":"中国石油股份","00700":"腾讯控股","QNETCN":"纳斯达克中美互联网老虎指数","00241":"阿里健康","09999":"网易-S"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106641072","content_text":"* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK daily quota used 18.6%\n* HSI +2.4%, HSCE +2.4%, CSI300 +1.0%\n* FTSE China A50 +2.0%\nJan 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.\n** 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.\n** Leading the rally, the Hang Seng tech index jumped 4.5% to a record high, while the Hang Seng materials index rose 2.8%.\n** The top gainer in the Hang Seng was Tencent Holdings Ltd\n, which gained 10.93%, while the biggest loser was China Unicom Hong Kong Ltd , which closed 3.35% lower.\n** 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.\n** \"Compared with other markets, Hong Kong stocks remain relatively cheap,\" said Kenny Ng, an analyst at brokerage Everbright Sun Hung Kai in Hong Kong.\n** \"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.\n** He, however, urged caution, saying there might be a correction in the coming weeks after recent strong gains.\n** Chinese online video company Kuaishou Technology\nis 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.\n** Around the region, MSCI's Asia ex-Japan stock index\nwas weaker by 0.85%, while Japan's Nikkei index\nclosed 0.67% firmer.\n** The yuan was quoted at 6.4765 per U.S. dollar at 0815 GMT, 0.1% firmer than the previous close of 6.483.\n** At close, China's A-shares were trading at a premium of 34.28% over Hong Kong-listed H-shares.\n(Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)\n((luoyan.liu@thomsonreuters.com; 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