HONG KONG: Hong Kong stocks rallied more than one percent in the opening minutes of trade Monday after China unveiled measures to make it easier for banks to lend, and the head of the Federal Reserve sounded a dovish note on interest rates.

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The Hang Seng Index jumped 1.52 percent, or 389.81 points, to 26,015.84.

The benchmark Shanghai Composite Index gained 0.55 percent, or 13.83 points, to 2,528.70, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, opened 0.59 percent, or 7.58 points, higher to 1,287.07.

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