* HK-> Shanghai Connect daily share used 15%, Shanghai-> Shanghai daily share used 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, sparked by a rebound in healthcare and industrial companies, but big tech names faltered amid lingering regulatory concerns that slowed earnings market.
** The Hang Seng index rose 0.5% to 29,106.15, while the Chinese companies index gained 0.6% to 11,092.95.
** Leading the gains, the Hang Seng Health Index and the Hang Seng Industrial Index added 3.1% and 2.2%, respectively, while investors encouraged China’s strong economic growth in the first term.
** China’s economic recovery accelerated sharply in the first quarter to 18.3% growth from last year’s deep fall in coronavirus, driven by stronger domestic demand. and continued government support for smaller businesses.
** However, technology giants weakened, Alibaba lost 1.5% and Hang Seng IT index rose 0.1% lower.
** Tencent Holdings Ltd and JD.Com Inc. fell 0.8% and 0.5%, respectively.
** Ant Group is exploring options for founder Jack Ma to divert his stake in the financial technology giant and relinquish control, as meetings with Chinese regulators told the company that the move could help chart a line under Beijing’s scrutiny of its business, according to a source familiar with the thinking of regulators and two people with close ties to the company.
** China has imposed a comprehensive restructuring plan on Jack Ma’s Ant Group, the fint technology conglomerate, with a $ 37 billion IPO by regulators in November, which will make the group a a financial holding company, among other things.
** Investors need to pay close attention to technology stocks, which have seen an obvious correction, to get an idea of where the market could go, Central China International brokerage said in a report. (Report by Luoyan Liu and David Stanway)