Hong Kong Shares Surge Amid Lunar New Year Anticipation

Hong Kong shares climbed in light trading ahead of the Lunar New Year. The Hang Seng Index rose 0.52% with advances in material stocks. Zijin Mining led the gains, while HSBC Holdings saw losses. Mainland markets are closed for the holiday week, resuming later.

On Monday, Hong Kong shares saw an uplift in half-day trading, driven by material stocks amid thin volumes ahead of the Lunar New Year festivities.

The Hang Seng Index recorded an increase of 138.82 points or 0.52%, closing at 26,705.94. Meanwhile, the Hang Seng China Enterprises Index rose by 0.42% to reach 9,070.32.

Among the key performers, Zijin Mining topped the gainers with a 4.67% increase, while HSBC Holdings experienced the largest loss with a 1.11% decline as the markets prepare for holiday closings.