The benchmark Hang Seng Index closed on Friday up 1.2 percent at 23,801.9, gaining 2.8 percent last weak as Asian stocks outside Japan rose to the highest in nearly three years.

Monday trading volumes could be modest ahead of a holiday on Tuesday and with markets in China closed on Monday and Tuesday for a holiday.

Elsewhere in Asia, Japan's benchmark Nikkei average opened up 0.7 percent at 9,773.91, while the Korea Composite Stock Price Index (KOSPI) opened up 0.16 percent at 2,124.37 points.