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Equities

Hong Kong stock market climbs to three-week high

CLP Holdings gains after profit rise; Chinese automakers spurred by deals

HONG KONG (Nikkei Markets) -- Hong Kong shares rose to a three-week high on Monday, aided by some earnings and deal-related news against the backdrop of positive global cues.

The Hang Seng Index rose 0.7% to 31,498.60, its highest close since Feb. 5. The index is still down more than 4.2% this month. CLP Holdings gained 1.9% after it posted higher annual profit on improved performance at its Australian and Indian businesses during the market's midday break. The power-utility company also increased its annual dividend.

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