Electric vehicle (EV) and internet stocks had strong sessions, except for Trip.com, which fell -1%. Hong Kong’s most heavily traded stocks by value were Tencent, up +0.58%, Midea, up +7.85%, Alibaba, up +1.04% on a cloud computing deal with Indonesia’s GoTo, Meituan, up +1.66%, and AIA, up +0.46%.

Asian stocks started the week with modest gains after U.S. stocks finished their best week of the year, approaching record levels. Hong Kong’s Hang Seng swung between gains and losses during the day and closed less than 0.

A gauge of Chinese stocks listed in Hong Kong fell after broadly weaker macro data dashed optimism of a meaningful rebound in the economy in the absence of comprehensive stimulus.