Hong Kong Stocks Snap Two-Day Slide
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Hong Kong stocks rose 111 points (0.4%) to 26,887, ending a two-day decline. The increase followed positive momentum from Wall Street and eased pressure from last week's selloff in metals and cryptocurrencies. Mainland shares also gained, supported by a private survey indicating factory activity growth. However, caution prevailed ahead of Hong Kong's retail sales data and China's VAT increase on telecom services. All sectors saw gains, particularly property and financials, with notable increases in mining stocks and companies like CK Hutchison and Wuxi Biologics.
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