Hong Kong Stocks Open Little Changed Amid Oil, Rate Hike Concerns

MT Newswires Live
09/29

Hong Kong stocks opened little changed on Tuesday as investors weighed higher oil prices against expectations for resilient economic growth.

The Hang Seng Index opened marginally higher at 24,648.64, while the Hang Seng China Enterprises Index barely moved in positive territory to open at 8,227.19.

Markets priced in roughly a 70% chance of another Federal Reserve rate hike in October.

Brent crude rose 96 cents to settle at $105.28 a barrel, while U.S. crude gained 19 cents to $92.60, as uncertainty over U.S.-Iran talks kept concerns over energy supplies elevated.

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