Hang Seng surged 1.61% on Monday

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Source: Dukascopy Bank SA
Hong Kong shares started the week on the positive note amid global easing hopes. The ECB is likely to provide monetary stimulus to save the Euro while the Fed may loosen its policy to facilitate sluggish economic recovery.  At the same time, profit warnings released on Friday continued to weight on investors' sentiment. Hang Seng Index outperformed its Asian counterparts, climbing 1.61% to 19,651.05. Financials moved higher as HSBC advanced ahead of its earnings report later in the day. Bank of China and Hang Seng Bank rose 0.34% and 0.66%. Oil and gas companies also inched up by 1.4%.  Sinopec and PetroChina advanced 2.21% and 0.52%.
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