HONG Kong shares have closed up 2.13 per cent, buoyed by better-than-expected industrial data from China late last week that eased fears the world's second-largest economy is heading towards a slowdown.
The benchmark Hang Seng Index on Monday gained 463.72 points to 22,271,28, its highest close since early June, on turnover of $HK64.74 billion ($A9.14 billion).
On Friday, China reported industrial growth for July reached a five-month high. Industrial production, which measures output at factories, workshops and mines, rose 9.7 per cent year-on-year, well above analyst expectations.
Gross domestic product (GDP) in China expanded 7.8 per cent in 2012, its slowest annual pace in 13 years.
Growth slipped to 7.7 per cent in the January-March period this year and slowed further to 7.5 per cent in the second quarter, raising alarm bells over possible deeper weakness.
Steven Leung, head of institutional sales at brokers UOB Kay Hian, said long-term buyers returned to the market on Monday.
Yanzhou Coal jumped 9.9 per cent to $HK6.55 while Zijin Mining surged 10.7 per cent to $HK1.86.
But sportswear stocks in Hong Kong tumbled, with Chinese sporting goods company Li Ning falling 6.1 per cent to $HK4.91 after a disappointing first-half report, and rival Anta Sports closing down 3.3 per cent at $HK9.83.
Chinese shares closed up more than two per cent due to renewed optimism over the domestic economy, dealers said.
The benchmark Shanghai Composite Index jumped 2.39 per cent, or 49.04 points, to 2,101.28 on turnover of 116.5 billion yuan ($A20.79 billion).
"Market expectations changed after economic data showed improvement," Zheshang Securities analyst Zhang Yanbing told AFP.
"The market will definitely continue the upward trend if monthly economic figures continue to improve."
Resource and financial shares led the gains.
Shanxi Coal International Energy surged by its 10 per cent daily limit to 6.44 yuan while Yanzhou Coal Mining also jumped 10 per cent to 11.30 yuan.
Baotou Steel Rare-Earth advanced 5.01 per cent to 29.57 yuan and Jiangxi Copper gained 4.49 per cent to 17.93 yuan.
Southwest Securities rose 7.56 per cent to 9.53 yuan, Industrial Bank jumped 6.24 per cent to 9.88 yuan and New China Life Insurance gained 4.08 per cent to 23.19 yuan.
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