Asian stocks mostly rose on Monday as investors assessed fresh data that tempered expectations for a US interest rate hike, while also pointing to weakness in the world's top economy, according to RTHK.
In Hong Kong, the Hang Seng Index ended up 336 points, or 1.3 percent, at 25,453 on turnover of HK$210.77 billion. The tech index gained 74 points, or 1.6 percent, to 4,782, while the China enterprises index rose 99 points, or 1.2 percent, to 8,439. Hong Kong was lifted by Alibaba, Tencent and JD.com. On the mainland, the Shanghai Composite Index climbed 55 points, or 1.41 percent, to 3,982, while the Shenzhen Component Index added almost 350 points, or 2.44 percent, to 14,704 and the ChiNext Index rose 113 points, or 3.14 percent, to 3,740.
Shares linked to semiconductors, agriculture and precious metals led gains, while liquor, gaming, film and television stocks were among the top decliners. In Tokyo, the Nikkei reversed earlier losses to close 506 points, or 0.74 percent, higher at 69,220, while the Topix slipped 13 points, or 0.31 percent, to 4,184. Traders now put the chance of a Fed hike at one in four, compared with 50:50 last week, according to Bloomberg.