U.S. markets showed positive momentum on Monday, with a strong performance from tech stocks driving a broad market rebound, leading all three major indices to close higher. The U.S. dollar fluctuated lower, while the yield on the 10-year Treasury note climbed to around 4.37%. Gold prices remained under pressure, whereas oil prices were stable with some fluctuations.
Today, Hong Kong's three major indices opened with mixed results. The Hang Seng Index started the session down 0.08% at 23,007.87 points. In contrast, the Hang Seng Tech Index gained 0.54%, while the Hang Seng China Enterprises Index fell 0.08%.
Market Sector Performance
Technology and internet stocks were broadly higher at the open. Baidu led the gains, surging more than 5%. Meituan and Lenovo Group also advanced, each rising over 1%.
The optical communications sector showed signs of recovery, with Changfei Optical Fiber & Cable jumping more than 5%.
Stocks related to AI applications were active, with Zhipu AI climbing over 1%.
On the downside, gold stocks were mostly lower. Lingbao Gold was among the notable decliners, dropping more than 5%.
New Listings
Four new stocks debuted today. Jiangxi Bio saw significant selling pressure, plummeting over 33%. In contrast, Zhenjiankang Medical-B soared more than 159% at its debut. Xunlong Technology also performed strongly, gaining over 36%, while Laifu Harmonic opened 3.16% higher.
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