HONG KONG: Hong Kong stocks climbed on Monday, boosted by robust gains for financial and properties firms, after China's upbeat data pointed to recovery gaining momentum in the world's second-largest economy from the coronavirus crisis.
At the close of trade, the Hang Seng index was up 240.63 points or 1.04% at 23,476.05. The Hang Seng China Enterprises index rose 0.87% to 9,383.4.
The sub-index tracking energy shares rose 1%, while the IT sector rose 1.23%. The financial sector ended 1.86% higher.
HSBC Holdings Plc was the top gainer, jumping 9.22%, while China Unicom Hong Kong Ltd was the biggest loser, down 3.02%.
Leading the gains, the Hang Seng financials ended 1.9% higher, with HSBC Holdings jumping 9.2% after Ping An Insurance increased stake.
Properties firm also rallied, led by China Evergrande Group surging 20.6%.
Comments
Comments are closed.