Local stocks open higher

Hong Kong stocks opened higher on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. The Hang Seng Index rose 48 points, or 0.28 percent, to open at 17,160. The Shanghai Composite Index was up 0.08 percent to open at 2,860, while the Shenzhen Component Index opened 0.01 percent lower at 8,372. (Xinhua)