HK stocks open higher, boosted by holiday spending
Hong Kong shares opened higher on Tuesday, after a cheery return for mainland Chinese stocks after the Lunar New Year, thanks to a holiday surge that pushed spending above pre-pandemic levels. The Hang Seng Index rose 0.3 percent to 16,222.09 in early trade. The Shanghai Composite Index was down 0.6 percent at 2,902.18, and the Shenzhen Composite Index slumped 0.4 percent to 1,597.