Hong Kong shares up 1.7pc, China set for fourth straight gain

Hong Kong shares jumped to their highest since early February on Monday, led by Chinese cyclical counters, as investors chased a resurgent mainland China market which looked set for its fourth-straight gain.

The Chinese property sector was also lifted by data on Saturday that showed average new home prices rose in April at their fastest year-on-year pace in two years, albeit at a slower rate in April than in March.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1241905/hong-kong-shares-17pc-china-set-fourth-straight-gain