Hong Kong Stocks Open Little Changed as Global Tech Rout Continues

MT Newswires Live09:38

Hong Kong stocks posted a subdued start on Friday as weakness in global technology shares offset support from resilient U.S. economic data.

The Hang Seng Index edged up 13.94 points to 25,022.54, while the Hang Seng China Enterprises Index gained 0.2%, or 16.53 points, to 8,334.67.

Wall Street ended lower overnight as chip stocks extended their selloff despite strong earnings from Taiwan Semiconductor Manufacturing.

Investors also assessed resilient U.S. retail sales and jobless claims data, which supported expectations that the Federal Reserve will keep rates unchanged this month.

Geopolitical risks remained in focus as fresh exchanges between the United States and Iran fueled concerns over disruptions to regional shipping.

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