HSI Rises As Asian Stock Markets Rebound

Hong Kong shares rose in the morning session on Monday, in line with an Asia-wide advance, as more countries ease their lockdown measures that have stunted the global economy.

The Hang Seng Index added 0.4 percent, to 23,892.

On the mainland, the Shanghai Composite Index added 0.6 percent to 2,885 while the Shenzhen Composite Index edged up 0.2 percent, to 1,812.

Tokyo went into the break 0.7 percent higher, and Seoul rose 0.6 percent.

Sydney gained more than 1 percent, Singapore and Wellington each added 0.7 percent and Jakarta edged up 0.2 percent.

"Good news for the market and the economy as a whole is that businesses worldwide are reopening, albeit in fits and starts," said AxiCorp's Stephen Innes.

"While restaurants are opening at minimal capacity and mall traffic remains depressed, traffic congestion is beginning to tick significantly higher, suggesting that people feel confident in leaving their homes. Indeed, this is huge as the global recovery will fall 100 percent on the back of consumer confidence." (AFP)

______________________________