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Hong Kong Stocks Open Higher as Soft US Inflation Data Lifts Sentiment

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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.

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