Hong Kong stocks rose to a one-week high on Monday as China’s better-than-expected economic data points to the growing strength of the nation’s recovery, with expectations mounting that Beijing will introduce more stimulus policies to spur consumption.
The Hang Seng Index climbed 1.3 per cent to 24,276.64 at the break. The Hang Seng Tech Index slipped less than 0.1 per cent. On the mainland, the CSI 300 Index eased 0.1 per cent, while the Shanghai Composite Index added 0.3 per cent.
AIA Group rallied 3.3 per cent to HK$63.25 after the insurer reported an 82 per cent profit jump for 2024 and announced a US$1.6 billion stock buy-back plan. Chow Tai Fook Jewellery Group led consumer stocks higher, rising 3.8 per cent to HK$9.66, while sportswear maker Li Ning advanced 4 per cent to HK$19.08. Alibaba Group Holding gained 0.6 per cent to HK$136.60 and Tencent Holdings rose 1.4 per cent to HK$529.
Electric-vehicle maker Li Auto bucked…
