Hong Kong Leads Asia Higher After Mixed Chinese Economic Data

Hong Kong stocks outperformed in Asian trading on Monday as investors across the region digested the latest mixed batch of data out of China, where an economic stagnation over the past year has rattled global markets. Hong Kong’s Hang Seng Index gained 0.8% with the Shanghai Composite losing 0.2%. Inflation data out of China over the weekend reignited hopes that the world’s second-largest economy is showing signs of growth, though recent purchasing-manager’s indexes (PMIs) have shown contradictory signs.