The Hang Seng surged 407 points, or 1.6%, to close at 26,649 on Monday, rebounding from losses in the prior session as global equities advanced after the U.S. Senate reportedly moved forward with a measure to reopen the government and end a 40-day shutdown.
All sectors rallied, led by consumer and technology shares, after mainland markets hit a decade-high amid signs that producer price deflation eased in October and consumer prices turned positive for the first time since February.
Sentiment also improved after Beijing signaled it would ease pressure on the global auto industry following export curbs imposed after the Dutch government took control of Nexperia. However, gains were capped ahead of key Chinese data on credit growth, industrial output, and retail sales.
Meanwhile, analysts warned that deflation risks in China were not yet over. Top performers included Mixue Group (9.1%), H World Group (5.5%), Laopu Gold (5.4%), China Resources Beer (4.7%), and ENN Energy Holdings (3.0%).
Source: Trading Economi
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