Hong Kong stocks rose on Monday, beginning the week on a positive note, as investor sentiment improved amid a rise in production activity in China.
The Hang Seng Index surged 0.65%, or 126.68 points, to close Monday's trade at 19,550.29. The Hang Seng China Enterprises Index added 0.9%, or 62.37 points, to 7,009.05.
China's purchasing manager's index (PMI) rose to 50.3 in November from 50.1 in the previous month, hinting at a continued boost in production activity.
The rise in the manufacturing industry overshadowed the stunted growth in the services sector, with China's non-manufacturing PMI falling to 50 in the month from 50.2 in October.
The Caixin/S&P Global manufacturing PMI, which measures sentiment among Chinese factory owners, swelled to 51.5 in November from 50.3 in October, an SCMP report said.
In corporate news, Mao Geping Cosmetics (HKG:1318) launched its initial public offering in Hong Kong today, looking to raise up to HK$2.1 billion.
The cosmetics company is offering 70,588,200 shares at a price of between HK$26.30 and HK$29.80 apiece. The final offer price will be determined Dec. 8.
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