HONG KONG: Hong Kong stocks ended at their highest in more than three months on Monday, aided by increasing hopes for a Sino-US trade deal.

The Hang Seng index rose 1.7% to 27,547.30, its highest since Aug. 1, while the China Enterprises Index gained 1.8% to 10,813.47, its highest since July 30. About 1.78 billion Hang Seng index shares were traded, roughly 126.6% of the market’s 30-day moving average of 1.40 billion shares a day. The volume traded in the previous trading session was 1.42 billion.

The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and US officials said a deal could be signed this month.—Reuters