Shanghai, Hong Kong track US and European stock gains at open

[HONG KONG] Hong Kong and Shanghai stock markets rose early on Wednesday, as a positive lead from Europe and New York gave investors the confidence to start buying after a tumultuous start to the year.

The benchmark Shanghai Composite Index gained 0.60 per cent, or 18.25 points, to 3,041.11 in early trading, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.47 per cent, or 8.80 points, to 1,864.19.

In Hong Kong, the benchmark Hang Seng Index rose 1.61 per cent, or 317.10 points, to 20,028.86.

AFP