Asia stocks higher Monday as China’s May factory activity unexpectedly expanded

Asia Pacific stocks were higher on Monday as data releases showed China’s factory activity expanding in May.

Hong Kong’s Hang Seng index led gains among the region’s major indexes, surging 3.36% on the day to close at 23,732.52, with shares of life insurer AIA soaring 5.17%.

U.S. President Donald Trump announced Friday he would be taking action to eliminate special treatment for Hong Kong, following China’s approval of a controversial national security bill for the city.

“Admittedly, Trump’s presser on action against China for implementin