At closing bell, the benchmark Hang Seng Index added 0.89%, or 241.68 points, to 27,472.81. The Hang Seng China Enterprises Index fell marginal 0.14%, or 15.41 points, to 10,722.99.
Activity in China's factory sector rose in December as the economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday, even as higher costs slowed the pace of expansion. The Caixin/Markit manufacturing purchasing managers' index (PMI), which tracks sentiment among smaller, private firms, fell to 53.0 last month from a decade-high 54.9 in November. A number above 50 indicates an expansion in activity, while a reading below that signals a contraction. The December reading marked the eighth consecutive month of expansion. A separate PMI by an official industry group, the China Federation of Logistics & Purchasing, declined to 51.9 from the previous months 52.1.
Shares of technology companies related to smartphone manufacturing surged. Smartphone maker Xiaomi Corp climbed 6.2% to HK$35.25, while Sunny Optical Technology jumped 4.2% to HK$177.
Shares of China's phone carriers declined following a ban on US investors on owning or trading in blacklisted companies with ties to Chinese military. China Mobile declined 0.8% to HK$43.85 after. China Telecom dropped 2.8% to HK$2.09.
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