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Nikkei Markets

Upbeat earnings push Hong Kong shares higher

Factory activity in China in April exceeds expectations

HONG KONG (Nikkei Markets) -- Hong Kong shares posted their first monthly gain in three months on upbeat earnings reports from blue-chip companies and improved risk appetite after leaders from North Korea pledged to denuclearize.

The Hang Seng Index jumped 1.7% to 30,808.45 on Monday, its biggest single-day gain in seven weeks. Trading volumes were modest ahead of a public holiday on Tuesday, with turnover on the main board marking less than HK$94 billion ($12 billion). The index ended April with a 2.4% advance, its first monthly gain since a nearly 10% rally in January.

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