Bull Market Beckons for Hang Seng Index as Property Stocks Surge

Hong Kong stocks gave up the bulk of their early advance on Monday, suggesting that caution may be returning to the market after the benchmark index marched to the brink of a bull market.

The Hang Seng Index finished the session up 0.5%, capping a sixth straight day of gains, after jumping as much as 2.2% earlier. The intraday move took the gauge’s rally to more than 20% from a January low.