Hong Kong stocks rise in open trade

Hong Kong stocks rose on Wednesday after US shares closed at another record high, and Federal Reserve Chair Jerome Powell said inflation was getting back on a downward path. The Hang Seng Index rose 72.6 points, or 0.41 percent, to open at 17,841 points. The Shanghai Composite Index opened down 0.04 percent to open at 2,995 points, and The Shenzhen Component Index opened 0.05 percent lower at 8,808. (Xinhua and Reuters)