The Hang Seng Index, the Hong Kong Stock Exchange, opened positive today. Following the direction of the US stock market closed higher on Friday. After the US personal consumption expenditures (PCE) price index, US inflation has reached its highest level. This will allow the US Federal Reserve (Fed) to delay raising interest rates to prevent the economy from entering a recession.
The Hang Seng Index opened at 20,933.50, up 236.14, or 1.14 percent.
The US Commerce Department said The general personal consumption expenditure (PCE) price index, which includes food and energy, rose 6.3 percent year-on-year in April, slowing following hitting 6.6 percent in March. which is the highest level in 40 years or since January 1982