* SSEC 0.9%, CSI300 1.2%, HSI 0.8%
* HK-> Shanghai Connect daily quota used 0.1%, Shanghai daily quota-> HK used 8.9%
* FTSE China A50 + 0.7%
SHANGHAI, Jan 4 (Reuters) – China’s stocks in 2021 started on a firm note Monday, following a study that indicated a continued recovery in the world’s second-largest economy was boosting investor sentiment .
** The CSI300 index rose 1.2% to 5,274.67 points at the end of the morning session, the highest level since June 15, 2015, while the Shanghai Composite Index gained 0.9% to 3,504.57 points, the highest from Jan. 30, 2018.
** Chinese stocks rose to multi-year highs on the last trading day of 2020, as investors chewed Sino-European investment contract and Beijing’s policy support for its capital markets.
** Activity in China’s factory sector rose in December as the economy bounced back to pre-pandemic levels, an industry study showed Monday, even as higher costs slowed the pace of expansion.
** “We are optimistic about the equities market this year, as the fragility of the global economic recovery means that the meltdown conditions will remain over-spread, while China pledges stable and stable policy support to its economy, ”analysts at Zhongtai Securities noted.
** Analysts at Morgan Stanley reaffirmed their fat stance on Chinese A shares, citing better potential for greater weighting in global indices and better cessation from uncertainty in Sino-US tensions.
** By buying back the broad stocks, banking and real estate stock as Beijing moved to issue property loans with banks.
** Hang Seng index rose 0.8% to 27,434.61 points, while Hong Kong China Enterprises Index lost 0.2% to 10,719.94.
** Falling the most, Hang Seng’s telecommunications tablet declined 3.3%.
** China’s three largest telcos saw their shares fall as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would hand over the companies under a plan called China “political” and of “limited” impact. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Ramakrishnan M.)