Hong Kong shares rose on Monday as mainland markets started the week on the backfoot on news that a bipartisan group of US lawmakers had introduced legislation to bar the federal government from equipping sensitive government systems with Chinese-made components used to transmit data in AI data centres. In Hong Kong, the benchmark Hang Seng Index opened up 44 points, or 0.18 percent, at 24,554. The tech index was up 12 points, or 0.29 percent, at 4,324 while the China enterprises index rose 29 points, or 0.36 percent, to 8,195. Up north, the benchmark Shanghai Composite Index opened down almost 10 points, or 0.26 percent, at 3,878. The Shenzhen Component Index was 51 points, or 0.38 percent, lower at 13,265 while the ChiNext was 0.65 percent down at 3,267. The mainland losses on the back of the US news saw the tech-focused Star Composite Index down nearly four percent, the SSE Star 200 index down nearly five percent and the CSI 300 Telecommunication Services Index down six percent at one stage in early trading. In Tokyo, the Nikkei opened 141 points, or 0.21 percent, higher at 66,505 and was hovering close to the breakeven point at one stage before lunch. In Seoul, the Kospi opened 23 points, or 0.33 percent, down at 7,057 and its losses widened to put the benchmark 169 points lower at one stage before noon. (Reuters/Xinhua) Edited by Tony Sabine

Three new exchange-traded funds that track cross-market indices debuted on the Hong Kong stock exchange on Monday, marking the first batch of such products being listed in the SAR. They are the HKEX Tech & US Tech 100 Index, the HKEX Bursa Malaysia Large Cap Index ETF, and the HKEX KRX Semiconductor Index. "This is a very important milestone in the development of our index business," the CEO of the Hong Kong Stock Exchanges and Clearing Bonnie Chan said during the listing ceremony. "These and all of today's ETF listings further drive vibrancy in our ever-growing equities, ETFs and derivatives ecosystem. They also broaden the products and tools available to investors to access opportunities across our ecosystem," Chan said. "Today's listing is a testament to the continued vitality and innovation of Hong Kong ETF's market," said Grace Chan, director of investment products at the Securities Futures Commission. "It reflects the industry's ongoing efforts to develop new investment solutions and provide investors with a broader range of investment choices to meet their diverse needs." She added that the growing breadth of ETF offerings in Hong Kong continues to reinforce the city's leading role in the ETF market. Edited by Tony Sabine

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