Hong Kong's stocks climbed 192 points or nearly 1% to 20,254 around noon on Monday, increasing for the second session and notching their highest level in two weeks as all sectors gained.
Traders were upbeat after Bloomberg News reported that the US held off on Colombia tariffs after the South American country agreed to all of President Trump's terms in migrant dispute. A surge of 11% yoy in Chinese industrial profits for December also buoyed sentiment, as it marked the first rise since July even as they recorded the third consecutive year of drop.
Limiting further gains was a slump in US futures as market participants were increasingly cautious ahead of interest rate decisions from major central banks this week, including the Fed and the ECB. Some traders also adopted vigilant stance markets in the city will be closed early tomorrow ahead of the Lunar New Year. In China, trading will be closed for a week starting Tuesday.
Source : Trading Economics
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