Hong Kong shares end higher as metal firms gain on stronger demand

* HSI +1.2%, HSCE +0.4%

* Tencent falls on Prosus' share sales

* Jiangxi Copper, China Nonferrous Mining gain more than 5%

SHANGHAI, April 8 (Reuters) - Hong Kong shares ended higher on Thursday after metal firms were lifted by expectations of strong demand for raw materials, as the country ramps up vaccination efforts.

** At the close of trade, the Hang Seng index .HSI was up 1.16% at 29,008.07 points. The Hang Seng China Enterprises index .HSCE gained 0.35% at 11,109.48.

** Leading the gains, metal producers such as Jiangxi Copper Co Ltd 0358.HK and China Nonferrous Mining Co Ltd 1258.HK rose 5.4% and 5.2%, respectively.

** As the economy recovers, sales of automobiles in China in March was expected to increase 66.8% from a year ago, according to China Association of Automobile Manufacture, boosting demand for metals.

** The Hang Seng tech index gained 0.07%, while heavyweight Tencent Holdings Ltd 0700.HK fell 1.5% after news that Prosus NV has sold 2% of shares in the company.

** China's main Shanghai Composite index .SSEC closed up 0.08%, while the blue-chip CSI300 index .CSI300 ended up 0.17%. ** China reported 24 new COVID-19 cases on April 7, with 11 of the new cases were local infections reported in the southwestern Yunnan province. ** The country had administered a total of 149.07 million COVID-19 vaccine doses, as of Wednesday.

** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was firmer by 0.51%, while Japan's Nikkei index .N225 closed down 0.07%. ** At 0701 GMT, the yuan CNY=CFXS was quoted at 6.5484 per U.S. dollar, 0.07% weaker than the previous close of 6.5435.

Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.