Hang Seng index rebounds on Monday

Hong Kong's Hang Seng index recovered on Monday and traded 0.5% or 103.54 points higher at 20,887.40 after Greek parliament approved country's austerity plan. Among winning stocks were insurers with Ping An Insurance Group advancing 2.2% and AIA Group adding 1.9%. Gains were limited due to weak property stock performance after Chinese city of Wuhu said it won't continue planned property-easing measures. China Resources Land fell 5.8% and Agile Property Holdings tumbled 6.6%, while Evergrande Real Estate Group lost 6.9%.