06:43 AM EDT, 05/06/2024 (MT Newswires) -- Asian stock markets gained Monday in holiday-thinned trading, as Wall Street cues and strong technology stocks held sway.

Hong Kong and Shanghai finished in the green, while Tokyo, Seoul and Bangkok were closed on holiday.

In Hong Kong, the Hang Seng Index opened evenly but rallied past noon, finishing up 0.6% as strength in tech issues overcame property-sector softness.

The broad gauge Hang Seng rose 102.38 to 18,578.30, as gaining issues outnumbered losers 49 to 30. The Hang Seng TECH Index gained 0.9% on the day, while the Mainland Properties Index fell 1.8%.

Leading the upside was Xinyi Glass, up 11.6%, while Country Garden Services declined 4.3%.

On the mainland, after a five-day hiatus, the Shanghai Composite rose 1.2% to 3,140.72.

In economic news, the seasonally adjusted headline final Caixin China general services purchasing managers index (PMI) fell to 52.5 in April, down modestly from 52.7 in March, but still above the 50-marker that separates growth from contraction, reported S&P Global.

In addition, the final China composite output index, a combination of the nation's manufacturing and service sectors, rose to 52.8 in April, up marginally from 52.7 in March, said S&P Global.

On the other regional exchanges the Taiwan TWSE inclined 1%; the Australian ASX 200 inclined 0.7%; the Singapore Straits Times Index rose 0.3%. In late trading in Mumbai, the Sensex was up 0.1%.