More IPOs in the pipeline as Macau casino stocks surge, Japanese insurance companies gain


Shares in Asia rose Monday with Hong Kong's Hang Seng Index climbing 1.7% to end the session at 22,208. In China, the Shanghai Composite Index added 0.4% to close at 3,176 and in Japan the Nikkei Index was up 0.2%, ending the day at 9,809.

In Hong Kong, banks led the rise with both Industrial and Commercial Bank of China Ltd. (IDCBF) and China Construction Bank Corp. (CICHF) moving up 3.1%. As the banking sector remains strong in the territory, China Minsheng Banking Corp. is planning to sell up to $4 billion in an upcoming Hong Kong IPO.