HSI up as US dollar retreated

Hong Kong stocks rebounded at Wednesday open, after US treasury and dollar dipped.

The benchmark Hang Seng Index opened at 23,316, 208 points or 0.9 percent lower than the previous close.

The indicator then saw the rise widen to 0.93 percent after dropping to 23,322 by 09.43 am in Hong Kong.

The tech gauge also slid to 5,344, 1.42 percent from 5,269 on Monday.

Alibaba (9988) advanced by 1.35 percent to HK$127.8 per share and Tencent (0700) gained 1.19 percent to HK$512 before results announcement.

Though US stocks delivered a mixed performance earlier today, the US dollar index exceeded below the 101-point bar and the 10-year bond yield rose through 4.5 percent.

STAFF REPORTER