News: YAL BUZZ-Yancoal's HK shares jump most in nearly 5 weeks as parent opens to buyout bid talks

** Hong Kong-listed shares of Yancoal Australia 3668.HK jump 5.4% to HK$31.10, their biggest daily pct rise since May 5, if gains hold

** Stock, on course to snap six consecutive sessions of fall, is tracking a 3.9% gain in its Australia-listed shares (YAL) on hopes of higher buyout bid from parent firm

** China's Yankuang Energy 600188.SS 1171.HK said on Tuesday it was open to further negotiations to acquire the remaining shares in majority-owned unit Yancoal Australia (YAL) after the Australian coal firm said it won't support the proposed $1.8 bln deal

** Reuters previously reported the offer was "unacceptable" to Glencore GLEN.L , which holds a 6.4% stake in Yancoal, because it "significantly undervalues" the stock

** Hong Kong shares of Yankuang Energy 1171.HK rise 1.5% while its Shanghai stock 600188.SS climbs 1.1%

** Hang Seng Composite Index tracking energy stocks .HSCIE gains 0.7%, Hang Seng Composite Index .HSCI edges up 0.02%, and Hang Seng Index .HSI slips 0.1%