Hong Kong Stocks Open Higher

MT Newswires Live10-27 09:40

Hong Kong stocks opened slightly higher on Tuesday as an overnight rally on Wall Street and easing oil prices supported sentiment.

The Hang Seng Index rose 0.2%, or 48.33 points, to open at 23,260.14, while the Hang Seng China Enterprises Index likewise gained 0.2%, or 14.40 points, to 7,816.49.

Technology shares advanced after Anthropic filed for an initial public offering, helping ease some concerns over the outlook for artificial intelligence investments.

Investors are awaiting earnings from Alphabet, Microsoft and Amazon this week for clues on whether heavy AI spending can deliver sufficient returns to justify elevated valuations.

Results could influence sentiment toward technology shares across Asian markets.

Brent crude settled near $115 per barrel as diplomatic efforts to ease Middle East tensions offered some relief.

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