China stocks trade higher on upbeat economic data

Hong Kong: Chinese stocks mostly traded higher by midday on Monday as positive economic data boosted hopes for increasing demand in the consuming sector. The Hang Seng Index added 1.1 per cent to 16,534.49, again led by the tech index, which surged by 2 per cent. Among gainers, JD.com jumped 6.2 per cent to 98.35 Hong Kong dollars, E-commerce giant Alibaba Group Holding gained 1.9 per cent, and Tencent was 2 per cent higher. Elsewhere in China, the Shanghai Composite Index fluctuated between small gains and losses during morning trading and ended at 3,052.28 by midday, with 0.2 per cent gain.