* HK-> Shanghai Connect daily quota usage 15%, Shanghai-> HK daily quota usage 7.1%
* HSI + 0.5%, HSCE + 0.6%, CSI300 + 2.4%
* FTSE China A50 + 2.2%
April 19 (Reuters) – Hong Kong shares closed higher on Monday, led by a boom in healthcare and industrial enterprises, but big technology names struggled amid ongoing regulatory concerns that limited market gains.
** The Hang Seng Index rose 0.5% to 29,106.15, while the China Enterprises Index rose 0.6% to 11,092.95.
** As a result of the gain, the Hang Seng Health Index and the Hang Seng Index added 3.1% and 2.2% respectively, as investors cheered on China’s solid economic growth in the first quarter.
** The economic recovery in China accelerated sharply to 18.3% growth in the first quarter compared to the deep slump of last year’s coronavirus, driven by stronger domestic and foreign demand and continued government support for smaller businesses.
** However, technical giants weakened, with Alibaba losing 1.5% and the Hang Seng IT index pushing 0.1% lower.
** Tencent Holdings Ltd and JD.Com Inc decreased 0.8% and 0.5% respectively.
** Ant Group is exploring options for founder Jack Ma to sell and relinquish its stake in the financial technology giant, as meetings with Chinese regulators have indicated to the company that the move, according to Beijing, could draw a line under his investigation, to a source familiar with regulators’ thinking and two people with close ties to the company.
** China has imposed a comprehensive restructuring plan on Jack Ma’s Ant Group, the fintech conglomerate whose record was derailed by regulators in November by a record $ 37 billion, which will put the group ahead, among other things.
** Investors need to pay close attention to technology stocks, which have seen a clear correction, to have an idea of where the market could go next, Central China International said in a report. (Reporting by Luoyan Liu and David Stanway)