Local stocks open higher

Hong Kong stocks opened higher on Tuesday, as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East. 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)