Hong Kong Stocks Open Lower as US Midterm Results Emerge

MT Newswires Live10:23

Hong Kong stocks opened lower on Wednesday as investors monitored the U.S. midterm election results and developments in the Middle East.

The Hang Seng Index shed 0.3%, or 74 points, to 23,451.79, while the Hang Seng China Enterprises Index lost 0.4%, or 28 points, to 7,915.14.

Investors awaited a clearer picture of the US political landscape, with Democrats and Republicans locked in a close race for control of Congress that could shape the final two years of President Donald Trump's term.

Meanwhile, Brent crude stabilized at $104 per barrel following volatile trading, as fresh uncertainty clouded US-Iran peace efforts after Washington launched strikes against Iranian missile systems.

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