HONG Kong stocks have risen 0.14 per cent, following a late surge on Wall Street that saw US stocks end at a record high last week despite weaker-than-expected jobs growth.
The benchmark Hang Seng Index on Monday gained 31.04 points to 22,222.01 on turnover of $HK42.37 billion ($A6.16 billion).
Investors were looking ahead to a semi-annual earnings report from British banking giant HSBC where shares closed up 0.8 per cent at $HK89.55, accounting for nearly all of the index's gains.
Shortly after the market closed the British bank announced its half-year net profits had jumped 22 per cent to $US10.28 ($A11.59) billon on lower costs and falling bad-debt charges.
The stock "looks much more expensive than the mainland banks but considering the transparency and uncertainties on the latter, (I'd) rather hold the global bank", said Kim Eng investment advisory head Edward Fung.
Shares in China Modern ended near a two-month high at $HK2.59, while Biostime rose 9.8 per cent to $HK43.35 and China food giant Want Want fell 3.2 per cent to $HK10.16.
Chinese shares closed up 1.04 per cent. The benchmark Shanghai Composite Index rose 21.06 points to 2,050.48 on turnover of 73.3 billion yuan ($A13.53 billion).
The government said last week that its official purchasing managers' index, a gauge of manufacturing activity, rose to 50.3 in July from 50.1 in June, in a positive sign for recovery.
Chinese authorities had also introduced measures, including tax reductions on small firms and speeding up infrastructure investment, to boost its economy.
"Market expectations were not as pessimistic as earlier and the government has made clear of its policy stance to stabilise economic growth, so there's upward momentum," BOC International analyst Shen Jun told AFP.
Dairy producers led gains on hopes a scandal involving tainted whey products from New Zealand industry giant Fonterra could turn customers toward domestic brands.
Beijing Sanyuan Foods jumped 4.75 per cent to 6.62 yuan while Inner Mongolia Yili Industrial Group gained 3.06 per cent to 37.09 yuan.
Locomotive car makers were higher after the country's top economic planner said over the weekend it sped up approvals for some urban rail projects in the first half.
China CNR Corp advanced 2.28 per cent to 4.49 yuan while CSR Corp rose 1.71 per cent to 4.17 yuan.
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