Hong Kong shares rose more than one percent at the open on Monday following last week's losses and as traders breathed a sigh of relief that there had been no weekend escalation of the Middle East crisis.

The Hang Seng Index jumped 1.15 percent to 16,411.

The Shanghai Composite Index gave up 0.20 percent to 3,059, while the Shenzhen Composite Index on the mainland's second exchange dipped 0.55 percent to 1,677. (AFP)