Hong Kong Stocks Continue Rally
Shares in Hong Kong jumped 542 points or 2.6% to 21,461 on Monday morning, rising for the fifth straight session and hitting a two-month high. The surge followed a pause in tariffs on Chinese electronic imports by the Trump administration, which boosted investor sentiment. Markets also reacted positively to fresh data showing China's new yuan loans soared to CNY 3.64 trillion in March from CNY 1,010 billion in February, well above expectations, driven by strong growth in both household and corporate borrowing.
Gains, however, were tempered by comments from U.S. Commerce Secretary Howard Lutnick, who noted the tariff exemption was “not permanent.” Some traders also turned cautiously ahead of China's March trade data, likely due later in the day. All sectors contributed to the rally, with tech, financials, and consumer stocks leading. Among large caps, notable gainers included Lenovo Group (8.6%), Sunny Optical (6.2%), Zhejiang Leapmotor (4.9%), SMIIC (3.0%), and Pop Mart Intl. (2.8%).
Source: Trading Economics
