HONG KONG (Nikkei Markets) -- Hong Kong shares recorded their steepest gain in more than a month on Monday, bolstered by technology companies and property developers.
The Hang Seng Index rose 1.7% to 30,997.98. Apple supplier AAC Technology Holdings and heavyweight stock Tencent Holdings advanced 2.7% each. Tencent affiliate Huayi Tencent Entertainment slumped 17.9%, however, and Alibaba Group Holding unit Alibaba Pictures Group lost 2.9%. This was after Chinese tax authorities said they were launching an investigation into possible tax evasion in the film and television industry.