Hang Seng Jumps to 11-Month High Boosted by Holiday Data

(Bloomberg) — Bullish bets grew across stocks in Hong Kong as holiday spending and tourism data suggested a recovery is gaining traction in the city and on the Chinese mainland. 

On the first trading day following the Lunar New Year break, the benchmark Hang Seng Index jumped 2.4% to close at its highest since March 1. The Hang Seng China Enterprises Index, which tracks mainland companies listed in Hong Kong, rallied almost 3%. The offshore yuan also strengthened against the dollar as onshore markets remain closed for the week.