HK stocks rise as tech turns muse for regional gains
Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. In Hong Kong, the benchmark Hang Seng Index opened up 128 points, or 0.51 percent, at 25,170. The tech index rose 44 points, or one percent, to 4,467 while the China…
Asian markets surged on Tuesday as technology stocks drove the rally, buoyed by lower oil prices and optimism surrounding US-Iran talks. Hong Kong's Hang Seng Index opened 0.51% higher at 25,170 points, while the tech index gained 1% to 4,467. The China Enterprises Index also rose 0.4% to 8,373. On the mainland, the Shanghai Composite Index gained 0.35% to 3,963, and the Shenzhen Component Index increased 0.94% to 13,858.
The ChiNext Index surged 1.37% to 3,446. Investors are also eagerly anticipating a high-stakes meeting between President Xi Jinping and US President Donald Trump later in the week. Meanwhile, Brent crude futures steadied near $100.22 after falling over 3% in the previous session.
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