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Hong Kong Stocks Slip at Open

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Hong Kong stocks opened lower on Wednesday even as regional equities advanced after a tech-led rebound on Wall Street eased concerns over rising oil prices.

The Hang Seng Index fell 0.6%, or 153.39 points, to 24,978.90, while the Hang Seng China Enterprises Index lost 0.9%, or 73.49 points, to 8,287.19.

Asian markets climbed after Wall Street snapped a three-day losing streak as semiconductor stocks rebounded, supported by strong South Korean chip export data and better-than-expected Taiwanese export orders.

Oil prices remained elevated after Yemen's Iran-aligned Houthis threatened attacks on Saudi shipping in the Red Sea.

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