Hong Kong stocks extend rally at open

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Hong Kong stocks opened with fresh gains on Monday morning, extending last week’s rally as concerns about rising US interest rates abated around the world.

The Hang Seng Index climbed 0.84 percent, or 261.12 points, to 31,528.29 in early trade.

And the benchmark Shanghai Composite Index rose 0.56 percent, or 18.28 points, to 3,307.30, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed 0.51 percent, or 9.14 points, to 1,784.31.