Hong Kong, China: Stocks open higher, tracking global rebound

[SHANGHAI] Hong Kong stocks opened sharply higher on Thursday, led by energy shares, following overnight gains in US and European equities and a jump in oil prices.

China stocks were also firmer, as investors expect Beijing to unveil fresh stimulus to support the slowing economy.

The Hang Seng index in Hong Kong was up 2.6 per cent, to 19,422.87 points as of 0138 GMT, while the Hang Seng China Enterprises Index jumped over 3 per cent.

An index tracking energy shares surged roughly 5 per cent.

China's blue-chip CSI300 index rose 0.5 per cent to 3,077.92 , while the Shanghai Composite Index gained 0.4 per cent to 2,879.50.

REUTERS