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Hong Kong Stocks Rise at Open as Iran, US to Return to Talking Table

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Hong Kong stocks opened higher on Monday as investors cheered a halt in recent hostilities between Iran and the U.S.

The Hang Seng Index rose 155.79 points, or 0.7%, to 22,827.65, while the Hang Seng China Enterprises Index jumped 76.96 points, or 1%, to 7,537.80.

Rhetoric between Iran and the U.S. intensified this past week after both sides accused each other of violating an interim ceasefire.

However, officials are now scheduled to meet in Qatar on Tuesday to resume technical talks to end hostilities in the region and agreed to let vessels pass through the vital Strait of Hormuz, Reuters reported.

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