Hong Kong shares end higher on trade optimism, A-shares rally

* .HSI +0.7 pct, .HSCE +0.6 pct; A-shares up

* China, U.S. in fresh round of trade talks

* Retailers in China post strong holiday earnings

HONG KONG, Feb 11 (Reuters) - The Hong Kong stock market
closed firmer on Monday, led by a rally in Mainland Chinese
shares, as Beijing and Washington launched another round of
bilateral trade talks.
** At the close of trade, the Hang Seng index was up 0.7 percent
at 28,143.84 points, while the Hang Seng China Enterprises index
gained 0.6 percent.
** The sub-indexes of the Hang Seng tracking financial sector
and the property sector both ended 0.4 percent
higher, while energy shares closed largely flat.
** A-shares rallied on Monday as investors remained optimistic
ahead of the next round of Sino-U.S. trade negotiations. The
market was closed last week for the Lunar New Year
** The talks, spearheaded on the U.S. side by Trade
Representative Robert Lighthizer and Treasury Secretary Steven
Mnuchin, will focus on issues such as intellectual property
** Stocks also jumped after China's retailer and catering
enterprises reported strong earnings during the Lunar New Year
** Shares in Apple Inc's suppliers in Greater China rallied,
tracking a robust rebound in the iPhone maker, after the company
reported sharp growth in its services business.
** The Hang Seng's sub index for information technology stocks
ended 2.4 percent higher, while the index for IT
hardware makers closed up 1.5 percent.
** The top gainer on the Hang Seng was Sunny Optical Technology
Group Co Ltd, which ended up 7.6 percent, while the
biggest loser was CK Infrastructure Holdings Ltd,
which closed down 0.9 percent.
** MSCI's Asia ex-Japan stock index was firmer
by 0.2 percent.
** The top gainers among H-shares were China Tower Corp Ltd
, which ended up 3.1 percent, followed by China Gas
Holdings Ltd and Great Wall Motor Co Ltd,
both which closed 2 percent higher.
** About 1.43 billion Hang Seng index shares were traded. The
volume traded in the previous trading session was 1.57 billion.
** At close, China's A-shares were trading at a premium of 17.19
percent over the Hong Kong-listed H-shares.
** The short and one-factor leveraged Hang Seng index,
which is designed to replicate the payoff of a short or
leveraged portfolio and is linked to the movements of the Hang
Seng Index, was 0.69 percent lower at 4,911.28 points.
(Reporting by Noah Sin, Editing by Sherry Jacob-Phillips)

2019-02-11 10:37:22

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