Hong Kong stocks mark 10-month closing high on recovery hopes

* HK->Shanghai Connect daily quota used 4.3%, Shanghai->HK daily quota used 4.5%

* HSI +2.2%, HSCE +2.1%, CSI300 +1.4%

* FTSE China A50 +1.7%

Dec 30 (Reuters) - Hong Kong stocks climbed on Wednesday to a 10-month closing high, tracking gains in other Asian markets, as investors bet on a strong global economic recovery next year.

** At the close of trade, the Hang Seng index was up 578.62 points, or 2.18%, at 27,147.11, its highest close since Feb. 21. The Hang Seng China Enterprises index rose 2.05% to 10,662.93.

** The sub-index of the Hang Seng tracking energy shares dipped 0.8%, while the IT sector rose 4.75%, the financial sector ended 1.32% higher and the property sector rose 1.41%.

** The top gainer on the Hang Seng was Alibaba Group Holding Ltd with a rise of 6.4%, while the biggest loser was China Unicom Hong Kong Ltd with a drop of 2.38%.

** Convictions that global monetary authorities will continue to pump liquidity into the banking system to support the pandemic-stricken economy underpinned risk assets.

** Investors shrugged off a move by U.S. President Donald Trump’s administration to strengthen an executive order barring U.S. investment in Chinese firms with alleged military backing.

** Global index publisher FTSE Russell said it might drop more Chinese companies from its global benchmarks in response.

** China’s main Shanghai Composite index closed up 1.05% at 3,414.45, while the blue-chip CSI300 index ended up 1.4%.

** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.08%, while Japan’s Nikkei index closed down 0.45%.

** The yuan was quoted at 6.5338 per U.S. dollar at 0822 GMT, 0.06% weaker than the previous close of 6.53. (Reporting by the Shanghai Newsroom; Editing by Subhranshu Sahu)