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Hong Kong - Asian stocks rose 0.19% on Monday as a worse-than-expected US jobs report sparked speculation the Federal Reserve could hold off any further cuts to its stimulus programme at its next meeting.
The benchmark Hang Seng Index added 42.51 points to end at 22 888.76 on turnover of $7.51bn.
Hong Kong property stocks were broadly lower, hit by profit taking after the sector last week posted its biggest weekly rise in over two months. Shares of property developer Henderson Land fell 0.3% to $5.73 and and Cheung Kong shares fell 0.3% to $15.48.
Negative expectations
Daiwa analysts in a note to clients on Monday however wrote that most risks appeared priced into shares after a difficult 2013.
"We have the impression that many investors may have low or no weightings in the sector, implying that many negative expectations have already been built into current valuations," the firm said.
Chinese shares closed down 0.19%.
The benchmark Shanghai Composite Index fell 3.74 points to 2 009.56 on turnover of $9.2bn.
The market began the day in positive territory after China's market regulator said at the weekend that it would tighten supervision of initial public offerings (IPOs) to ensure transparency and fairness. The announcement led five firms on Monday to delay their listing plans to comply.
Pledged reform
The China Securities Regulatory Commission said in November that IPOs would resume and started approving companies to go public in December, releasing a flood of new issues.
The regulator has traditionally decided which firms can launch IPOs and when they go to market, instead of underwriters and the companies themselves, though authorities have pledged reform.
Investors have been selling in recent weeks on fears that new listings will lead to a share glut.
The benchmark Hang Seng Index added 42.51 points to end at 22 888.76 on turnover of $7.51bn.
Hong Kong property stocks were broadly lower, hit by profit taking after the sector last week posted its biggest weekly rise in over two months. Shares of property developer Henderson Land fell 0.3% to $5.73 and and Cheung Kong shares fell 0.3% to $15.48.
Negative expectations
Daiwa analysts in a note to clients on Monday however wrote that most risks appeared priced into shares after a difficult 2013.
"We have the impression that many investors may have low or no weightings in the sector, implying that many negative expectations have already been built into current valuations," the firm said.
Chinese shares closed down 0.19%.
The benchmark Shanghai Composite Index fell 3.74 points to 2 009.56 on turnover of $9.2bn.
The market began the day in positive territory after China's market regulator said at the weekend that it would tighten supervision of initial public offerings (IPOs) to ensure transparency and fairness. The announcement led five firms on Monday to delay their listing plans to comply.
Pledged reform
The China Securities Regulatory Commission said in November that IPOs would resume and started approving companies to go public in December, releasing a flood of new issues.
The regulator has traditionally decided which firms can launch IPOs and when they go to market, instead of underwriters and the companies themselves, though authorities have pledged reform.
Investors have been selling in recent weeks on fears that new listings will lead to a share glut.
