Hong Kong share prices opened higher as better-than-expected results from local blue chips and a positive showing on Wall Street prompted investors to hunt for bargains after a four-day slide.
Oil stocks also lifted the key index following a fresh spike in crude prices, while China telecom stocks extended their gains on hopes that an industry restructuring plan could be unveiled soon.
Among oil stocks, PetroChina rose 0.26 hkd or 2.41 pct at 11.04, Sinopec was up 0.14 hkd or 1.74 pct at 8.19 and CNOOC added 0.22 hkd or 1.85 pct at 12.08.
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Hong Kong Shares Higher On Oil Prices Rise
Oil stocks also lifted the key index following a fresh spike in crude prices
