HONG KONG: Hong Kong stocks opened higher on Friday despite Wall Street suffering a battering over recession fears.

The Hang Seng rose 1.74 percent, or 350.27 points, to 20,470.95.

Hong Kong stocks down by more than three percent

The Shanghai Composite Index increased 0.33 percent, or 10.13 points, to 3,107.09, while the mainland’s second exchange, the Shenzhen Composite Index, rose 0.52 percent, or 10.14 points, to 1,962.85.