Stocks in Hong Kong surged; aviation stocks rose in early trading. Double-digit growth in passenger traffic during the May 1st holiday is expected to support airline performance amid expectations of falling oil prices.

According to the Securities Times app, aviation stocks rose in early trading. As of the time of writing, Air China (00753.HK) was up 6.24% to HKD 4.94; China Southern Airlines (01055.HK) rose by 4.69% to HKD 3.35; China Eastern Airlines (00670.HK) rose by 4.29% to HKD 2.43; and Capital Airport (00694) rose by 3.32% to HKD 2.8.