Hang Seng Index climbs amid tech caution
Asian markets and US equity futures made a steady start on Monday, wobbling into positive territory after a wild week in which doubts about demand for computer chips sent tech-heavy markets in Asia into some of their steepest falls in years. In Hong Kong, the benchmark Hang Seng Index opened up 143 points, or 0.59 percent, at 24,625. The China enterprises index was 51 points, or 0.62 percent, higher at 8,325 while the tech index rose 41 points, or 1.02 percent, to 4,119. Up north, the Shanghai Composite Index opened up nine points, or 0.27 percent, at 3,659. The Shenzhen Component Index rose 97 points, or 0.87 percent, to 11,273 while the ChiNext Index was 29 points, or 1.19 percent, up at 2,494. In Tokyo, the Nikkei opened 526 points, or 0.92 percent, higher at 57,960, and its gains gained momentum to put the 225 benchmark 1,946 points higher at one stage before noon. In Seoul, the Kospi was the odd one out, opening 25 points, or 0.5 percent, lower at 5,034 before nudging up to be 87 points in positive territory at one stage before lunch. Earnings reports due this week from US tech companies such as CoreWeave, Applied Materials and Cisco Systems are set to...
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