Hong Kong stocks rose on Monday as investors bet on easing deflation pressures after China’s consumer prices returned to growth in October.
The Hang Seng Index gained 1.6%, while the Hang Seng Tech Index rose 1.3%.
In terms of star stocks, Pop Mart rose 8%; Laopu Gold rose 5%; BYD rose 4%; Tencent, Li Auto, Kuaishou, and Alibaba rose 2%; Meituan, XPeng, and Baidu rose 1%; JD.com rose 0.8%; Xiaomi and NetEase rose 0.3%; NIO and CATL fell 2%; SMIC fell 1%.
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