Hong Kong equities edged higher on Wednesday after four straight sessions of losses, as investors weighed escalating tensions between the U.S. and NATO over Greenland.

The Hang Seng Index rose 97.55 points, or 0.4%, to close at 26,585.06, while the Hang Seng China Enterprises Index added 28.19 points to finish at 9,122.95.

Attention is also turning to the World Economic Forum in Davos, where U.S. President Donald Trump is due to deliver a closely watched speech later in the day that could either ease or heighten tensions with Europe.

The European Union is set to convene an emergency summit in Brussels on Thursday to discuss escalating tensions.

Meanwhile, Nvidia Chief Executive Jensen Huang plans to travel to China in late January to try to reopen a key market for the company's AI chips, Bloomberg News reported, citing a person familiar with the matter.

Huang is expected to attend company events ahead of the Lunar New Year holidays in February and may also visit Beijing, although it remains unclear whether he will meet senior Chinese officials, the report added.

In corporate news, Hong Kong shares of China Vanke (HKG:2202, SHE:000002) closed nearly 6% higher after winning bondholder approval for a revised plan to extend repayment on a yuan-denominated bond.