HK stocks follow US lead, open higher
The Hong Kong market opened stronger on Wednesday, taking its cue from Wall Street, which partially rebounded from a sell-off in the previous session. The Hang Seng Index was up 37.44 points, or 0.22 percent, at 16,684.78. In the United States, investors returned to the market after soothing comments by Federal Reserve officials eased US recession worries, with the S&P and the Nasdaq both gaining more than one percent, and the Dow rising 0.8 percent.