Hong Kong shares kick week off with rally

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Hong Kong stocks closed sharply higher on Monday, in line with broad gains across Asia as concerns over the North Korean crisis waned and China released better-than-forecast inflation data at the weekend.

The Hang Seng Index climbed 1.04 percent, or 286.66 points, to close at 27,955.13.

The benchmark Shanghai Composite Index added 0.33 percent, or 11.18 points, to 3,376.42 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, jumped 0.80 percent, or 15.86 points, to 1,991.73.

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