HONG Kong shares have ended up 0.58 per cent with some bargain-hunting after subdued trade prior to the release of Chinese economic data late last week.
The benchmark Hang Seng Index added 132 points to end Tuesday at 23,047.09 on turnover of HK$56.73 billion ($A7.16 billion).
The index has now risen in 10 out of the last 12 sessions.
Bargain-hunting in underperforming companies offset profit-taking amid the recent rally. But many investors remained on the sidelines before China releases trade data on Wednesday and inflation and industrial output figures Thursday.
PetroChina rose 2.5 per cent to HK$9.97, conglomerate Citic Pacific closed up 2.8 per cent at HK$9.96 and HSBC increased 0.2 per cent to HK$86.20.
Macau casino operator SJM Holdings was one of the biggest risers, gaining 3.0 per cent to HK$20.35 after reporting a 12 per cent year-on-year increase in its first-quarter net profit.
Yue Yuen, which makes shoes for major manufacturers such as Nike, slumped 12.0 per cent to HK$23.80 after issuing a first-quarter profit warning.
Chinese shares finished up 0.20 per cent, as investors took a breather after a more than one per cent rise the previous session.
The benchmark Shanghai Composite Index edged up 4.40 points to 2,235.57 on turnover of 79.0 billion yuan.
"Investors dare not chase the rally because of uncertainties in the local economy," Soochow Securities analyst Deng Wenyuan told Dow Jones Newswires.
Liquor makers were higher on cheap valuations. Hebei Hengshui Laobaigan Liquor surged by its 10 per cent daily limit to 30.26 yuan while Shanxi Xinghuacun Fen Wine Factory advanced 4.57 per cent to 27.89 yuan.
Metal shares extended gains on the back of strong global prices.
Rising Nonferrous Metals jumped 6.69 per cent to 49.90 yuan and Baotou Steel Rare-Earth gained 4.16 per cent to 29.07 yuan.
Brokerages dropped on profit-taking, with China Everbright Securities losing 2.44 per cent to 14.40 yuan and Industrial Securities falling 1.80 percent to 11.97 yuan.
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