Hong Kong's Hang Seng Index market ended higher Monday with the benchmark Hang Seng Index up 2.36 percent to close at 25,143.05 points.
The Hang Seng China Enterprises Index rose 3.01 percent to end at 8,381.90 points, while the Hang Seng Tech Index rose 2.79 percent to end at 4,752.15 points.
Traditional sectors rather than tech led Monday's gains, with oil prices rising as hostilities between the U.S. and Iran continued, said Timothy Pope, a China Global Television Network (CGTN) market analyst.
"In Hong Kong we saw a fairly strong broad-based rally, actually. The Hang Seng rose 2.4 percent. The activity in Hong Kong was looking a bit defensive-leaning as well. We saw traditional sectors, value sectors as well, favored over the tech plays for most of the session. The oil major CNOOC added 5.2 percent as we saw only a handful of ships make it through the Straits of Hormuz at the weekend -- one of them actually appeared to be on fire. The resumption of strikes by both the U.S. and Iran has driven oil prices back up and Brent crude is back above 90 U.S. dollars a barrel today," Pope said.
"Tech shares did join in the rally later on in the session. We saw Chinese games and online services company NetEase add around 4 percent, the short video app Kuaishou was up fairly strongly as well," he said.
Hong Kong stock market up on Monday, oil prices rise amid Middle East conflict : analyst
