The Hong Kong stock market finished above 27,000 points in Monday morning trading, buoyed by the rise of financial and technology shares. Market turnover reached HK$106.5 billion ($13.65 billion).

The city’s benchmark Hang Seng Index opened 385 points higher and the rally continued in the morning trading session, reaching a high of 27,156 points.  Overall, the index gained 2.3 percent to close at 27,019 points.

The Hang Seng China Enterprises Index — a barometer of Chinese mainland companies — swelled 2.5 percent to finish at 9,183 points, while the city’s technology stock gauge, the Hang Seng TECH Index, soared 3.3 percent to close at 5,384 points.

Financial shares performed well, with AIA Group rising 2.8 percent. HSBC Holdings and Standard Chartered Group increased 0.67 percent and 1.43 percent respectively in the days before they are scheduled to release their results.

Technology platform shares soared, with Tencent Holdings hiking 3.4 percent, Alibaba Group Holding 3.6 percent, JD.COM 6.9 percent and Meituan 4.2 percent.

Some AI and robotics concept stocks that performed well last Friday fell, with Z.ai (known as Zhipu AI) plunging 23.7 percent and MINIMAX Group Inc falling 10.5 percent.

Gold mining stocks also rose as spot gold prices hiked more than 1 percent to a three-week high, fetching over $5,100 per ounce, as capital flocks to the precious metal while tensions in US-Iran relationships and uncertainty surrounding the tariff levy linger.