Hong Kong stocks should begin the week with a solid gain when a wave of buying that began on Friday sweeps into Asia. Overseas markets sprang into action after the US released weaker-than-expected employment data, showing non-farm payrolls rose 193,000 compared to an expected rise of 207,000. Investors took Friday's figures as a sign that global interest rates are not likely to rise immediately, buying up stocks in Europe and the US. The Hang Seng London Reference Index nearly touched 11,100 with a gain of 137.13 points. The index reached an indicative close of 11,099.10 on Friday in London and brokers there forecast a similar gain in Hong Kong today. The Dow Jones Industrial Average soared 85.08 points on Friday to 5,679.83 and US long bond prices jumped, pushing the yield down to 6.74 per cent, its lowest level in four months. Friday marked the first time in more than six months that markets have shown a positive response to the closely watched jobs data. On that positive note, Kerry Properties will make its debut on the local exchange this morning. While the new listing will be closely watched, most market players do not see it as a bellwether for overall sentiment. Later today, HSBC and subsidiary Hang Seng Bank will become the focus of the Hong Kong and London markets when the banking group reports its interim results. Analysts are expecting double-digit profit growth for the first-half report of both banks. Investors have already built high expectations into HSBC's share price, which has risen 7.2 per cent since mid-July. How the market reacts will depend on just how strong the results are, said Howard Gorges, managing director of South China Brokerage. 'If HSBC comes in with [interim] profit growth above 20 per cent, it will be taken well by the market,' he said.