Hong Kong Stocks Open Higher as Soft US Inflation Data Lifts Sentiment
Hong Kong stocks opened higher on Thursday as softer U.S. inflation data lifted investor sentiment. The Hang Seng Index rose 0.6%, or 143.92 points, to 24,825.02, while the Hang Seng China Enterprises Index gained 0.6%, or 50.18 points, to 8,234.56. Wall Street ended higher overnight after softer-than-expected U.S. producer price data reinforced signs of easing inflation. Investors were also encouraged by another batch of strong corporate earnings, including results from Morgan Stanley, BlackRock and Johnson & Johnson. Markets also monitored renewed tensions in the Middle East after the U.S. launched fresh strikes on Iranian military sites.
Hong Kong stocks opened higher on Thursday as softer U.S. inflation data lifted investor sentiment.
The Hang Seng Index rose 0.6%, or 143.92 points, to 24,825.02, while the Hang Seng China Enterprises Index gained 0.6%, or 50.18 points, to 8,234.56.
Wall Street ended higher overnight after softer-than-expected U.S. producer price data reinforced signs of easing inflation.
Investors were also encouraged by another batch of strong corporate earnings, including results from Morgan Stanley, BlackRock and Johnson & Johnson.
Markets also monitored renewed tensions in the Middle East after the U.S. launched fresh strikes on Iranian military sites.