Shares in Hong Kong rose on Monday, closing at their highest level in more than eight months, as Washington and Beijing were said to be moving closer to reaching a deal to end their trade war. The Hang Seng index rose 0.51 percent to 28,959.59 points, its highest close since June 25. The Hang Seng China Enterprises index gained 0.6 percent to 11,575.53.
The sub-index of the Hang Seng tracking energy shares rose 0.3 percent, while the IT sector rose 2.64 percent, the financial sector ended 0.36 percent higher and the property sector rose 0.52 percent. The top gainer on the Hang Seng was CSPC Pharmaceutical Group Ltd, which rose 4.37 percent, while the biggest loser was China Mobile Ltd, which fell 2.68 percent.