Asian equities were mostly higher overnight while Mainland China was closed for the Mid-Autumn Festival. Japan, South Korea, Indonesia, and Malaysia were also closed.

Chinese appliance maker Midea Group Co.’s $4 billion listing in Hong Kong is fueling cautious optimism that the worst of the city’s capital markets drought may be coming to an end.

Hong Kong shares inched up in holiday-thinned trade on Monday, reversing early losses, with another batch of underwhelming Chinese economic data capping gains. At the close of trade, the Hang Seng index was up 53.