Hong Kong: Shares buoyed by China rally, global markets

[HONG KONG] Hong Kong stocks rose on Monday, taking cues from bullish mainland China shares, which extended their winning streak to a ninth straight session.

Strength in the Hong Kong market also reflected gains in Wall Street and European markets on Friday.

Banking and real estate stocks led the rise on signs that Beijing is loosening policies to aid the struggling property sector.

The Hang Seng index rose 0.5 per cent, to 24,494.51 points, while the China Enterprises Index gained 0.2 per cent, to 12,177.82.

Among the most actively traded stocks on Hong Kong's main board were China Mining, up 21.8 per cent to HK$0.19 Junyang Solar, up 11.1 per cent to HK$0.30 and Yueshou Environmental Holdings, up 34.9 per cent to HK$0.43.

Total trading volume of companies included in the HSI index was 1.5 billion shares.

REUTERS