Hong Kong shares climbed 156 points, or 0.6%, to 26,723 around midday on Monday, breaking a two-session losing streak as gains broadened across most sectors. Sentiment was supported by a modest uptick on Wall Street, even though U.S. markets are closed Monday for Presidents Day. Investors continued to weigh cooler-than-expected U.S. January inflation data against persistent uncertainty surrounding the outlook for the AI sector.
Trading in Hong Kong was subdued ahead of the Lunar New Year holiday. Markets will close early today, remain shut from Tuesday, and reopen on Friday, while mainland Chinese exchanges will be closed for the entire week.
Notable gainers included China Hongqiao Group (up 4.2%), AIA Group (2.6%), Techtronic Industries (1.9%), and Sands China (1.6%).
