HONG KONG, March 1 — Hong Kong and mainland stocks rallied more than four per cent today after forecast-busting Chinese data showed factory activity expanding at its fastest pace in over 10 years, indicating the economy is rebounding from zero-Covid.

The Hang Seng Index jumped 4.21 per cent, or 833.77 points, to 20,619.71. The Shanghai Composite Index added 0.90 per cent, or 32.74 points, to 3,312.35, while the Shenzhen Composite Index on China's second exchange gained 1.01 per cent, or 21.73 points, to 2,163.82. — AFP