The Hang Seng Index gained 0.97% to close at 18,130.7, after opening the day about 3% higher. The Hang Seng China Enterprises Index closed up 1.15% and the Hang Seng Tech Index down 1.7%.
Securities brokerages pared gains in the afternoon session, with Guolian Securities closing 1% higher after surging nearly 15% at one point, Citic Securities and CICC closing lower.
Mainland banks, insurance companies, automakers, coal miners, oil companies, mobile game companies were mostly higher.
Tobacco companies, agriculture companies, precious metal companies, consumer electronics companies, building material suppliers, entertainment companies were mostly lower.
The Shanghai Composite Index gained 1.13% to close below 3,100 mark at 3,098, after surging more than 5% at one point. The Shenzhen Component Index gained 1% and the tech-heavy Chinext Price Index gained 0.96%.
Property developers and coal miners led the gains. Securities brokerages opened the day sharply higher but pared the gains in the afternoon session. Building material suppliers, insurance companies, machinery manufactures, telecom companies, steelmakers and shipping companies were mostly higher.
Precious metal companies, airport operators, liquor makers, electric power companies underperformed.
Overseas investors sold a net 8.25 billion yuan of Chinese A-share via the Mainland – Hong Kong Stock Connect scheme on Monday.