Hong Kong Stocks Open Higher with Tech and Brokerage Shares Leading Gains

Deep News04-20

U.S. equities continued their upward trend last Friday, buoyed by Iran's announcement that the Strait of Hormuz would fully reopen to commercial shipping during the ceasefire between Israel and Lebanon, which led to a significant drop in oil prices. All three major U.S. indices closed higher. The U.S. dollar weakened, while the yield on the 10-year Treasury note fell to around 4.24%. Gold prices advanced, and oil prices declined sharply.

Today, Hong Kong's three major indices opened higher. The Hang Seng Index rose 0.17% at the open to 26,204.61 points, the Hang Seng Tech Index gained 0.34%, and the Hang Seng China Enterprises Index increased by 0.13%. Sector performance was mixed: tech stocks were divided, with Lenovo Group up nearly 1% and Meituan down close to 1%. Biotechnology and pharmaceutical stocks were active, with Zai Lab rising over 4%. Chinese brokerage firms opened higher, with DFZQ surging more than 13%. Some AI application stocks also advanced, with Pony.ai climbing over 5%.

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