Hong Kong: Stocks open higher after US rally

[HONG KONG] Hong Kong stocks rallied in the opening minutes of trade on Monday following gains on Wall Street as a soft US jobs report gave investors hope the Federal Reserve would keep any future interest rate hike small and slow.

The Hang Seng Index rose 0.85 per cent, or 170.03 points, to 20,279.90.

But the benchmark Shanghai Composite Index slid 0.59 per cent, or 17.09 points, to 2,896.16 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.01 per cent, or 18.96 points, to 1,852.65.

AFP