Stocks in Hong Kong gained on Monday, shrugging off losses in Mainland China, as investors saw signs of the US Federal Reserve slowing its pace of hiking interest rates. The expectation lifted sectors sensitive to interest rates, such as financials and property. The Hang Seng index ended 1.73 percent higher at 26,376.18, and the Hang Seng China Enterprises index rose 1.3 percent to 10,521.53.
The financial sector gained 1.6 percent and the property sector jumped almost 2 percent. The IT sector rose 1.35 percent, tracking the wider market. But the IT hardware sub index, under the shadow of prolonged trade tensions, lost 0.7 percent.
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