* HK->Shanghai Connect daily quota used 17.7%, Shanghai->HK daily quota used 4.2%
* HSI +1.2%, HSCE +1.3%, CSI300 +2.0%
* FTSE China A50 +1.6%
Nov 9 (Reuters) - Hong Kong stocks ended at a four-month high on Monday, tracking gains in other Asian markets as Democrat Joe Biden’s victory in the U.S. presidential election raised hopes of a thaw in frosty Sino-American trade relations.
** The Hang Seng index rose 1.2% to 26,016.17, its highest closing level since July 9, while the China Enterprises Index gained 1.3% to 10,633.07 points.
** Biden won enough states on Saturday to clinch the U.S. presidency after a tighter-than-expected election, setting the stage for less combative relations with China, although the U.S. containment strategy is unlikely to change much.
** China’s technology industry, one of President Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Biden can create a more constructive relationship - but few think the rivalry will deescalate, executives and analysts say.
** The Hang Seng tech index advanced 3% to a record high, but gains were pared in the afternoon session.
** Chinese state media struck an optimistic tone about Biden’s win on Monday, saying relations could be restored to a state of greater predictability, starting with trade.
** Aiding sentiment, Chinese trade data showed the country’s exports grew at the fastest pace in 19 months in October.
** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.75%, while Japan’s Nikkei index closed up 2.12%.
** The yuan was quoted at 6.5703 per U.S. dollar at 0825 GMT, 0.57% firmer than the previous close of 6.6079.
** At close, China’s A-shares were trading at a premium of 43.72% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom; Editing by Devika Syamnath)