Hong Kong'sopened up 1.1% and widened the gains to 1.9% in early trading. It's the top performer so far among major indexes in the region.

Investors may also be paying attention to election results in Hong Kong. Pro-democracy candidates appear to have made major gains in the city's District Council elections. The elections have been framed as a de facto referendum on the almost six months of ongoing protests in the semi-autonomous Chinese city.