Hong Kong stocks close higher Monday

Hong Kong's stock market ended higher on Monday with the benchmark Hang Seng Index up 1.45 percent to close at 25,834.02 points.

The Hang Seng China Enterprises Index rose 1.67 percent to end at 8,816.32 points, and the Hang Seng Tech Index climbed 2.69 percent to end at 5,111.78 points.

The Hang Seng Tech Index, which represents the 30 largest technology companies listed in Hong Kong, jumped nearly 3 percent in the afternoon session.

The third phase of the 139th China Import and Export Fair, or Canton Fair, opened Friday in Guangzhou, capital of south China's Guangdong Province, featuring a dazzling array of lifestyle products.

The five-day segment of the world's largest trade fair , running May 1 till 5, focuses on toys, maternity and childcare products, home textiles, stationery, as well as health and leisure goods, with an exhibition area of 515,000 square meters and 25,000 booths.

The third phase also displays smart healthcare products, fashion trends, and silver economy applications, closely addressing the diverse needs of global consumers for health quality, personalized consumption, and emotional companionship, and will launch over 150 new product debut events.

The Canton Fair runs from April 15 till May 5 in three phases, each highlighting categories from advanced manufacturing to home living and lifestyle products. Covering 1.55 million square meters, the fair features 75,700 booths and more than 32,000 enterprises, including about 3,900 first time exhibitors.

Established in 1957, the Canton Fair takes place twice a year in Guangzhou. It is the longest-running of several comprehensive international trade events in China, and has been hailed as the barometer of China's foreign trade.