Hong Kong Stocks Open The Week With A Rally

Hong Kong stocks finished Monday on a positive note, with investors keeping tabs on China-US relations and the stimulus talks in Washington, while equities on the mainland were boosted by the central bank's huge cash injection into financial markets.

The Hang Seng Index added 0.7 percent, to 25,347.

On the mainland, the Shanghai Composite Index jumped 2.3 percent, to 3,438 while the Shenzhen Composite Index rose 1.9 percent, to 2,287.

Analysts said there was little reaction to news that trade review talks between the superpowers due to have taken place on Saturday had been postponed, though Donald Trump kept up his drumbeat against Beijing – warning he could target more Chinese tech firms including Alibaba.

Tokyo dropped 0.8 percent after data showed Japan's economy contracted the most on record in the second quarter, while Sydney, Singapore and Manila were also in the red.

Taipei was also up more than 1 percent and Wellington piled on 1.9 percent after the government delayed New Zealand's general election by four weeks to October 17 owing to a spike in new virus infections.

Mumbai and Jakarta were also slightly higher. (AFP)