The Hang Seng rose 127 points or 0.65% to close at 19,550 on Monday, marking gains for the second session amid strength across sectors.
Upbeat manufacturing data from China, provided by both officials and a private survey, boosted sentiment as stimulus measures initiated in September began to take effect.
Meanwhile, bets increased that the PBoC might roll out more policy easing, potentially including further reductions in the RRR and injecting more liquidity into the markets. Locally, Hong Kong's retail sales fell the least in eight months in October, with a government spokesperson saying China's recent stimulus help support consumption sentiment and economic activities in the city.
However, further gains were capped by a notable drop in US futures following a winning week and month on Wall Street following Donald Trump's victory. Some top performers of the day included Miniso Group (17.7%), BYD Electronic (10.9%), Nongfu Spring (8.0%), Prada Spa (5.2%), and Wuxi Biologics (3.5%).
Source: Trading Economics
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