HK Hot Stocks: HSBC jumps, HKEx slumps further

HONG KONG, Feb 25 (Reuters) - Hre are some stocks on the move in Hong Kong on Monday:

As of 0225 GMT, the blue-chip Hang Seng Index .HSI was up 0.7 percent, narrowing opening gains.

The index opened up 1 percent at 23,546.10.

STOCKS ON THE MOVE:

* HSBC Holdings plc (0005.HK: Quote, Profile, Research, Stock Buzz) gained 1.8 percent to HK$116.6 on news that banks were near an agreement to bail out bond insurer Ambac Financial in a deal that could stem further losses in credit markets.

* Hong Kong Exchanges and Clearing Ltd (0388.HK: Quote, Profile, Research, Stock Buzz) slumped a further 2.5 percent to HK$143.10 on contracting turnover as fund inflows have eased amid volatile markets.

* CH Automation (0569.HK: Quote, Profile, Research, Stock Buzz) tumbled 6.4 percent to HK$2.92 in resumed trade, after placing out 83 million shares, which represent 10 percent of the company's existing issued share capital, at HK$2.84 per share.

* Sichuan Expressway Co Ltd (0107.HK: Quote, Profile, Research, Stock Buzz) climbed 2.4 percent to HK$3.43. It said it has completed the issue of 1.5 billion yuan worth of commercial paper on Feb. 19. The 365-day commercial paper was issued at an interest rate of 6.28 percent. (Reporting by Rita Chang, editing by Ken Wills)