Hong Kong stocks tracked a global rally to end higher on Monday after the United States shelved plans to impose tariffs on Mexico and as global investors hoped for lower US interest rates on the back of lacklustre jobs data. The Hang Seng index ended up 2.3% at 27,578.64 points, after marking its best session since December 3, 2018. The China Enterprises Index gained 1.9% to 10,526.92 points.
The top gainers among H-shares were CNOOC Ltd up 5.26%, followed by Tencent Holdings Ltd, gaining 4.42% and Shenzhou International Group Holdings Ltd, up by 4.29%.
The three biggest H-shares percentage decliners were Great Wall Motor Co Ltd, which was down 1.85%, Guangzhou Automobile Group Co Ltd, which fell 1.4% and Huaneng Power International Inc, down by 1.4%.
The United States and Mexico struck a deal on Friday, with Mexico agreeing to rapidly expand a controversial asylum programme and deploy security forces to stem the flow of illegal Central American migrants.
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