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Hong Kong Stocks Open Lower After Tech-Led Wall Street Selloff

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Hong Kong stocks opened lower on Friday as a surge in oil prices and a sharp selloff in U.S. technology shares dampened investor sentiment.

The Hang Seng Index fell 1.1%, or 278.31 points, to 24,932.50, while the Hang Seng China Enterprises Index lost 1.1%, or 94.75 points, to 8,257.92.

Wall Street ended sharply lower overnight after Alphabet and Tesla heightened concerns over the cost of artificial intelligence investments, overshadowing their quarterly results.

The Nasdaq slid more than 2% as technology shares led broad market losses.

Brent crude settled above $100 a barrel for the first time since May after renewed attacks in the Red Sea.

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