Hong Kong: Shares rise on global strength, mainland rally

[HONG KONG] Hong Kong stocks rose more than 1 per cent on Monday, aided by sharp gains in mainland shares and a rally in global markets as oil prices climbed further.

The Hang Seng index rose 1.2 per cent, to 20,435.34, while the China Enterprises Index gained 1.5 per cent, to 8,686.27 points Most sectors rose, with the property sector up over 2 per cent.

China Vanke Co Ltd surged 10 percent to a two-month high, after the Chinese developer said its 2015 core profit grew 13 per cent to a record, and that it would buy assets of state-owned Shenzhen Metro Group via a share placement.

REUTERS