* HK->Shanghai Connect daily quota used 4.7%, Shanghai->HK
quota used 18.6%
* HSI +2.4%, HSCE +2.4%, CSI300 +1.0%
* FTSE China A50 +2.0%
Jan 25 (Reuters) - Hong Kong shares climbed more than 2% on
Monday as mainland investors continued to buy into the market
via the Stock Connect, with tech and material stocks leading the
** The Hang Seng index closed 2.4% firmer at
30,159.01, while the China Enterprises Index also gained
2.4% to 11,960.49.
** Leading the rally, the Hang Seng tech index
jumped 4.5% to a record high, while the Hang Seng materials
index rose 2.8%.
** The top gainer in the Hang Seng was Tencent Holdings Ltd
, which gained 10.93%, while the biggest loser was
China Unicom Hong Kong Ltd, which closed 3.35% lower.
** Mainland investors on Monday purchased a net HK$20
billion worth of Hong Kong stocks via the Stock Connect linking
mainland and Hong Kong, according to Refinitiv data.
** "Compared with other markets, Hong Kong stocks remain
relatively cheap," said Kenny Ng, an analyst at brokerage
Everbright Sun Hung Kai in Hong Kong.
** "More and more large U.S.-listed Chinese companies would
also seek listings in Hong Kong, increasing the attractiveness
of the city's stock market," he added.
** He, however, urged caution, saying there might be a
correction in the coming weeks after recent strong gains.
** Chinese online video company Kuaishou Technology
is aiming to raise $4.95 billion to $5.42 billion in
an initial public offering that will be the largest in Hong Kong
for more than a year, according to a term sheet reviewed by
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.85%, while Japan's Nikkei index
closed 0.67% firmer.
** The yuan was quoted at 6.4765 per U.S. dollar
at 0815 GMT, 0.1% firmer than the previous close of 6.483.
** At close, China's A-shares were trading at a premium of
34.28% over Hong Kong-listed H-shares.
(Reporting by the Shanghai Newsroom, Editing by Sherry