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Nikkei Markets

Hong Kong shares rise ahead of trade deal formalization

Chow Tai Fook gains after China same-store sales rise, while Vinda jumps on outlook

HONG KONG (Nikkei Markets) -- Hong Kong shares edged higher on Monday, buoyed by Chinese financial heavyweights, as investors cheered the imminent signing of the first phase of a Sino-American trade deal.

The Hang Seng Index added 0.8% to 28,874.19 by noon. China Construction Bank and Ping An Insurance Group advanced 1.3% and 1.5%, respectively, contributing to roughly a quarter of the index's gains by points. Internet services heavyweight Tencent Holdings rose 0.7% to HK$401.20, heading for its highest close since June 2018.

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