Oct 7 (Reuters) - Hong Kong stocks on Thursday notched their
biggest daily percentage gain in 10 weeks, tracking Asian peers
higher, with technology shares rebounding while major property
developers jumped after the financial hub's leader unveiled a
new housing policy.
** The Hang Seng Index rose 3.07% to 24,701.73, the
highest close in nearly three weeks, while the China Enterprises
Index jumped 3.57% to 8,713.05.
** Mainland Chinese markets were closed for a public
holiday, and MSCI's broadest index of Asia-Pacific shares
outside Japan rose 1.9%.
** Fund giant Fidelity is putting money back into Chinese
stocks and thinks the recent "indiscriminate" selling caused by
the debt crisis at Evergrande is presenting
opportunities in the country's beaten-up bond markets.
** Meituan jumped 9.7%, Alibaba surged
7.3%, Tencent rose 5.6%, sending the Hang Seng Tech
Index up 5.2% - the best day since Aug. 24.
** "Considering the series of recent regulatory actions from
the Chinese government, we don't think that regulatory risks for
Chinese companies are over. But we think that, following the
downdraft in prices, the margin of safety provided among many
Chinese ADRs more than adequately compensates investors for the
added risks," said Dave Sekera, Morningstar's Chief U.S. Market
** Henderson Land led gains in Hong Kong property
developers, surging 7.1%. Sun Hung Kai Properties, New
World Development, Hang Lung Properties, and
CK Asset climbed between 1.2% and 3%.
** Hong Kong leader Carrie Lam announced on Wednesday plans
of a Northern Metropolis on the border with the mainland's
technology hub of Shenzhen, covering 300 square kms (116 square
miles). It is expected to have around 926,000 homes - more than
half to be newly built - for some 2.5 million people
** The blue-chip property sub-index rose 1.98% and
the mainland index for the sector climbed 1.6%.
** The financial sector gained 1.78% with Ping An
Insurance leading the rise, surging 7%.
** Brokers said investors were cautious ahead of the
reopening of the Chinese market on Friday.
** Chinese Estates jumped as much as 32.4% to a
4-month high after a major shareholder offered to take it
private for HK$1.91 billion ($245 million).
** Energy firms eased as oil prices dropped under pressure
from an unexpected rise in U.S. crude stocks that raised
concerns over demand after prices rallied to multi-year highs.
** CNOOC dropped 3.49% and PetroChina
fell 2.42%, sending the energy sub index down 1.46%
(Reporting by Donny Kwok; editing by Emelia Sithole-Matarise)