HONG Kong shares have risen 0.15 per cent as below-forecast US growth data raised hopes the Federal Reserve will hold off bringing an end to its huge easing policy any time soon.
The benchmark Hang Seng Index on Monday added 33.06 points to end at 22,580.77 on turnover of $HK42.86 billion ($A5.40 billion). The index rallied 2.4 per cent last week.
Trade was quiet, with Shanghai closed for a public holiday and Hong Kong set for a May Day break on Wednesday.
On Friday, Washington released data showing the world's biggest economy expanded 2.5 per cent in the January-March quarter.
While the figures from the Commerce Department marked a solid rebound from 0.4 per cent growth in the previous three months, they were lower than the 2.8 per cent economists had predicted.
The US economy has been hit by the "sequester" spending cuts worth tens of billions of dollars that kicked in at the start of March and which lawmakers are no closer to resolving owing to political gridlock.
However, the results reinforced expectations that the Federal Reserve would not tighten monetary policy in the near future. Eyes are now on the Fed's two-day policy board meeting beginning on Tuesday.
China Construction Bank rose 1.1 per cent to $HK6.45 after its first-quarter net profit increased 16 per cent, the best among the big four state-owned lenders.
ICBC bank closed up 0.2 per cent at $HK5.42 after posting a 12 per cent rise in net profit for the same period.
However, China Coal Energy sank 6.2 per cent to $HK5.91 as January-March net profit slumped 38 per cent.
China Eastern Airlines fell 4.3 per cent to $HK3.10, while clothing retailer Esprit jumped 4.8 per cent to $HK10.52.
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