Hong Kong's $Hang Seng Index(800000.HK)$ opens 1.1% higher at 26074.20, tracking the positive performance of U.S. stocks, which were boosted by strong earnings.
Technology stocks are leading gains. $Alibaba Group(810016.HK)$ jumps 4.7%, $ALI HEALTH(00241.HK)$ adds 2.2% and $TENCENT(00700.HK)$ rises 1.8%. Other gainers include insurer $AIA(05618.HK)$, which rises 2.9%, and brewer $Budweiser Brewing Company APAC Limited(01876.HK)$, which trades 2.7% higher. Declines are led by $CSPC PHARMA(01093.HK)$, which is off 1.0%.
(yiwei.wong@wsj.com)