HONG KONG: Hong Kong stocks rallied more than one percent at the open Monday after fresh US inflation data lifted hopes that the Federal Reserve will cut interest rates this year.

The Hang Seng Index climbed 1.13 percent, or 203.95 points, to 18,283.56.

Hong Kong stocks end week with a loss

The Shanghai Composite Index was barely moved, inching down 0.83 points to 3,085.98, while the Shenzhen Composite Index on China’s second exchange dipped 0.08 percent, or 1.44 points, to 1,728.21.