* HK->Shanghai Connect daily quota used 100%, Shanghai->HK
quota used 3.6%
* HSI +1.4%, HSCE +1.4%, CSI300 +0.1%
* FTSE China A50 +0.1%
May 18 (Reuters) - Hong Kong stocks climbed for a third
straight session on Tuesday, buoyed by gains in energy and
telecom shares, while downbeat China and U.S. data eased fears
of policy tightening.
** The Hang Seng index rose 1.4%, to 28,593.81, while
the China Enterprises Index also gained 1.4%, to
10,654.30, both up for the third consecutive session.
** Leading the gains, the Hang Seng energy index
and the Hang Seng telecommunications index advanced
3.4% and 1.8%, respectively.
** China Mobile ended up 2.7%, after the company
approved plans for a potential HK$47.08 billion ($6.06 billion)
listing in Shanghai.
** "Latest economic data from China and the United States
showed growth slowed to some extent, raising hopes that monetary
easing could continue," said Linus Yip, chief strategist at
First Shanghai Group.
** Data on Monday showed China's factories slowed their
output growth in April and retail sales significantly missed
expectations as officials warned of new problems affecting the
recovery in China.
** "The increase in regional coronavirus infections,
including in Japan, Taiwan and India, was in sharp contrast with
good control over the coronavirus outbreak in mainland China and
Hong Kong, bolstering investor confidence in stocks in the two
markets," Linus added.
** On the other hand, there were also some signs of mainland
investors hunting for bargains in some sectors, including in the
tech sector, which had slumped due to anti-monopoly fears.
** The Hang Seng tech index added 1.5% on Tuesday,
but it was still off nearly 30% from a record high hit on Feb.
** China's securities regulator has approved a fresh batch
of nine exchange-traded funds (ETFs) that target technology
shares listed in Hong Kong, financial media Caixin reported,
potentially benefiting the battered sector.
** All eyes are now on Wednesday's release of the minutes
from the U.S. Federal Reserve's policy meeting last month.
($1 = 7.7649 Hong Kong dollars)
(Reporting by Luoyan Liu and Andrew Galbraith; Editing by