Mainland stocks rally to seven-month high in HK

Mainland stocks traded in Hong Kong climbed to a seven-month high on Monday, led by developers and building-materials makers, after better-than-expected US jobs data bolstered confidence in the world's biggest economy. Coal shares rallied in mainland trading.

The Hang Seng China Enterprises Index advanced 1.6 percent in Hong Kong, where the local currency is pegged to the US dollar. China Vanke Ltd climbed for a fifth straight day to pace gains for a measure of developers. The Shanghai Composite closed above 3,000, as an increase in coal prices led energy producers higher.

An index tracking the premium of mainland shares over Hong Kong peers fell to its lowest level since October.