Hong Kong, Shanghai shares open higher

[HONG KONG] Stocks in Hong Kong and Shanghai rallied in opening trade Tuesday, boosted by hopes for further Chinese stimulus measures after the country's central bank eased mortgage rules to support the property market.

The benchmark Hang Seng Index was up 1.04 per cent, adding 258.08 points to 25,113.20.

In mainland China the benchmark Shanghai Composite Index rose 0.96 per cent, or 36.42 points, to 3,822.99.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.49 per cent, or 9.47 points, to 1,957.53.

AFP