Hong Kong tech stocks rallied: Meituan (03690.HK) up 8.5%, Tencent Holdings (00700.HK) up over 5%, Xiaomi Group (01810.HK) up over 3%, Alibaba (09988.HK) and Baidu (09888.HK) up over 2%.

Amid surging demand for sea-based weapons systems, Lockheed Martin agreed to buy naval defense firm Ultra Maritime from private equity firm Advent for $3.45 bln, the company said on Monday. Ultra Maritime, sold by Advent’s CobhamUltra unit, specializes in anti-submarine warfare across air, surface and subsurface domains, including sonobuoy detection, sonar systems and torpedo countermeasures, and supplies the navies of the US, Canada, the UK and Australia.

PBOC'S PAN said in Hong Kong that multi-currency issuance (HKD, USD, EUR, JPY) developed steadily over the past year. Dim sum bond outstanding has surpassed 2 tln yuan, the issuer base has broadened and market liquidity has improved.