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Hong Kong Stocks Open Higher as Investors Await U.S. Labor Data

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Hong Kong stocks opened higher on Thursday, kicking off the month's first trading session, as investors awaited key U.S. labor data and monitored developments in the Middle East.

The Hang Seng Index increased 190.41 points, or roughly 1.1%, to 23,071.43, while the Hang Seng China Enterprises Index climbed 54.83 points, or 0.7%, to 7,613.13.

Investors will be following the release of the U.S. non-farm payrolls data for clues on the Federal Reserve's stance on rate hikes.

The U.S. economy is expected to have added 110,000 jobs in June, with unemployment remaining steady at 4.3%, according to a median estimate of economists polled by Reuters.

Elsewhere, representatives from Iran and the U.S. concluded a round of indirect talks in Doha with no sign that any progress had been made towards ending their conflict permanently, Reuters reported.

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