Hong Kong stocks opened higher on Thursday as a rebound in U.S. equities and easing Treasury yields improved investor sentiment.
The Hang Seng Index rose 0.7%, or 171.35 points, to open at 25,482.56, while the Hang Seng China Enterprises Index gained 0.7%, or 63.02 points, to 8,513.12.
Wall Street stocks rebounded on Wednesday after three sessions of losses.
Oil prices rose about 1% as renewed U.S.-Iran fighting raised concerns over supply disruptions. Brent crude settled at $95.63 a barrel, up 1%.
Markets also increased bets on a September Federal Reserve rate hike following weaker-than-expected U.S. private employment data.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments