Hong Kong Stocks Gain at Open as Investors Weigh Earnings, Oil Prices

MT Newswires Live09:41

Hong Kong stocks opened higher on Thursday as investors balanced upbeat U.S. earnings against persistent geopolitical risks.

The Hang Seng Index rose 0.3%, or 73.87 points, to 24,966.53, while the Hang Seng China Enterprises Index gained 0.2%, or 15.54 points, to 8,266.61.

Wall Street ended mixed overnight as investors weighed Alphabet's quarterly results against concerns over higher capital spending on artificial intelligence.

The Google parent posted record cloud revenue growth, but its increased investment plans kept the focus on the returns from AI spending.

Brent crude remained near a six-week high after fresh U.S. and Iranian strikes heightened concerns over disruptions to energy shipments in the Middle East.

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