HK shares rises for 10th day, longest winning streak since 2018

Hong Kong stocks extended gains into a 10th successive day Monday after US jobs data boosted interest rate cut hopes, while mainland Chinese markets rallied as they returned from a long Labor Day holiday to play catch-up with last week's global gains.

The Hang Seng Index climbed 0.55 percent, or 102.38 points, to 18,578.30.

It also marked Hong Kong market snagged its 10th straight session of gains, the longest winning streak since 2018.

The Hang Seng China Enterprises index rose 0.38 percent to 6,572.45.

The Shanghai Composite Index jumped 1.16 percent, or 35.90 points, to 3,140.72, while the Shenzhen Composite Index on China's second exchange added 2.07 percent, or 36.33 points, to 1,792.41.

Sentiment also improved as China would step up support for the economy with prudent monetary and proactive fiscal policies, including interest rates and bank reserve requirement ratios, the Politburo of the Communist Party was quoted by state media as saying.

(AFP and Reuters)