Hong Kong shares open higher on prospect of Middle East easing tensions

Hong Kong stocks opened higher on Wednesday on the expected easing of Middle East tensions.

The benchmark Hang Seng Index rose 216 points, or 0.87 percent, to 25,280.

The tech gauge grew by 0.9 percent to 4,878.

Nongfu Spring (9633) jumped 6 percent at the opening, after posting a robust growth in net profit.

In contrast, Haidilao International (6862) and Xiaomi (1810) saw a decline in net profit, which sent their shares falling 4 percent and 2 percent, respectively.

Due to a slump in oil prices, CNOOC (0883) and PetroChina (0857) dropped 3.2 percent and 0.2 percent.