Hong Kong's Chinese Stocks Surge After Holiday Break

Chinese shares in Hong Kong surged 2.6% as trading resumed after holidays, catching up to the gains in the onshore market following positive economic data. The Hang Seng China Enterprises Index, tracking major Chinese firms in the Asian financial hub, is on the verge of reclaiming its 20% gains from a low in January. Mainland equities also climbed after the official manufacturing purchasing managers index showed its highest reading in a year. The upbeat economic performance has sparked a notable rally in the Chinese stock market, signaling positive investor sentiment.