Hong Kong Stocks Open Higher as Tech Shares Rebound

MT Newswires Live10-16 09:43

Hong Kong stocks opened higher on Friday as technology shares rebounded, with investors assessing the outlook for artificial intelligence spending and the path of U.S. interest rates.

The Hang Seng Index rose 1.1%, or 258.73 points, to open at 24,321.45, while the Hang Seng China Enterprises Index gained 1.2%, or 96.33 points, to 8,199.60.

U.S. stocks ended higher on Thursday, with the Dow Jones Industrial Average up 1.1%, the S&P 500 up 0.3% and the Nasdaq Composite up 0.1%.

Investors are also watching the Federal Reserve's next policy decision, with futures pricing in a 73% chance that rates will remain unchanged at the Oct. 28 meeting, according to CME Group's FedWatch tool.

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