UPDATE 2-Hong Kong bourse scraps $39 bln play for London Stock Exchange <!-- no image --> <div>* HKEX shares climb 2.7% in early trading (Adds analyst comment, context, share price reaction)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=WHZH_JMaOsQ:ZuFZWIEcxl8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=WHZH_JMaOsQ:ZuFZWIEcxl8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=WHZH_JMaOsQ:ZuFZWIEcxl8:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=WHZH_JMaOsQ:ZuFZWIEcxl8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=WHZH_JMaOsQ:ZuFZWIEcxl8:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/WHZH_JMaOsQ" height="1" width="1" alt=""></div> Posted by Reuters