The Hang Seng soared 388 points or 1.8% to end at 21,522 on Monday, rising for the third session and notching their highest level since early October amid widespread sector gains.
Concerns about China's deflation notably eased after Sunday's data showed consumer inflation hit a 5-month high due to solid holiday spending. In addition, worries about trade row between China and the US waned, with many traders viewing US tariff threats as negotiation tactics.
The tech index climbed over 2.5% on continued optimism around China's AI tech. Meanwhile, China's three largest telecom operators -- China Mobile, China Unicom, and China Telecom -- said they were working with DeepSeek.
Locally, the HKMA said it will bid out CNY 1.5 billion in a two-year govt. bonds beginning Feb. 13, carrying an interest rate of 2.04% per year. Meitu, an online advertising, jumped 3.9% on a robust earnings outlook. Other top performers included Meituan (5.4%), Xiaomi Corp. (3.1%), and Semicon Manufacturing (2.5%).
Source: Trading Economics
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