Hong Kong, China stocks rebound on signs of easing Sino-US trade tensions

Hong Kong and China stocks rebounded sharply on Monday after a heavy selloff last week, as signs of easing Sino-US trade tensions strengthened bets US President Donald Trump will once again back down from his tariff threats.

Investors are also fixated on a Chinese Communist Party leadership meeting this week that will map China's five-year vision, as authorities released third-quarter economic data on Monday that was in line with forecasts.

Hong Kong's benchmark Hang Seng Index jumped more than 2.4 percent, or 607 points to 25,854, led by tech shares. The tech gauge soared 3.2 percent to 5,945 points. 

The market turnover was HK$145 billion.

In the mainland, the Shanghai Stock Exchange Composite Index rose 0.66 percent to 3,866 points and the Shenzhen Stock Exchange Component Index gained 1.38 percent to 12,863 points at the midday close.

Reuters and staff reporter