March 10, 2020 / 8:35 AM / 25 days ago

Hong Kong shares end higher as stimulus hopes build

* Hang Seng index ends up 1.41%

* China Enterprises index HSCE rises 1.69%

* HSI financial sector sub-index rises 1.4%; property sector up 1.9%

March 10 (Reuters) - Hong Kong shares rebounded on Tuesday from sharp losses in the previous two sessions as investors hoped that coordinated fiscal and monetary support from global policymakers would boost economies hit by the coronavirus and limit financial contagion. ** At the close of trade, the Hang Seng index was up 352.05 points, or 1.41%, at 25,392.51. The Hang Seng China Enterprises index rose 1.69% to 10,153.37. ** The sub-index of the Hang Seng tracking energy shares rose 2.1% after a 10.85% drop on Monday, while the IT sector rose 1.86%, the financial sector ended 1.43% higher and the property sector rose 1.85%. ** The top gainer on the Hang Seng was CITIC Ltd, which gained 4.93%, while the biggest loser was Sino Biopharmaceutical Ltd, which fell 1.56%. ** China’s main Shanghai Composite index closed up 1.82% at 2,996.76 points, while the blue-chip CSI300 index ended up 2.14%. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.15%, while Japan’s Nikkei index closed up 0.85%. ** The yuan was quoted at 6.9458 per U.S. dollar at 08:19 GMT, 0.03% firmer than the previous close of 6.948. ** The top gainers among H-shares were CITIC Ltd, up 4.93%, followed by Sunny Optical Technology Group Co Ltd , gaining 4.9%, and Want Want China Holdings Ltd , up 4.84%. ** The three biggest H-shares percentage decliners were China Resources Gas Group Ltd, which was down 1.75%, Sino Biopharmaceutical Ltd, which fell 1.56%, and China Mobile Ltd, down 1.11%. (Reporting by Andrew Galbraith; Editing by Anil D’Silva)

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