Hong Kong stocks end higher on upbeat China factory activity data

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SHANGHAI: Hong Kong stocks ended marginally higher on Monday, underpinned by heavyweight financial firms, after China posted better than expected factory activity data.

The Hang Seng index rose 0.3%, to 28,833.76, while the China Enterprises Index lost 0.3%, to 11,144.08 points.

China's factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020. Hong Kong authorities said on Monday that the city's vaccine scheme would be widened to include those aged between 30 years and 60 years old and domestic helpers, as they aim to increase take up amongst residents in the Asian financial hub.Gaming giant Tencent Holdings Ltd shed 3.5%.

 

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