Hang Seng Index Opens Higher by 0.71%, Tech Index Gains 1.04% with Active Tech and Gold Stocks, Chip Shares Rise

U.S. stocks showed positive movement on Wednesday, with falling bond yields and oil prices boosting market sentiment. All three major indices closed with notable gains. The U.S. dollar strengthened, while the 10-year Treasury yield retreated to around 4.59%. Gold prices rebounded from lows, and oil prices pulled back from their highs.

Today, the three major Hong Kong stock indices opened collectively higher. The Hang Seng Index opened up 0.71% at 25,833.24 points, the Hang Seng Tech Index rose 1.04%, and the Hang Seng China Enterprises Index gained 0.55%.

In terms of sector performance, most technology and internet stocks advanced. NetEase, Meituan, and Tencent each rose over 1%, while Bilibili fell more than 2%. AI application stocks opened higher, with Zhipu AI surging over 7%. Chip stocks generally rose, led by Montage Technology with a gain exceeding 6%. Airline stocks recovered, with China Eastern Airlines climbing over 4%. The innovative drug sector was active, with Zai Lab rising more than 3%. Gold stocks broadly advanced, with Zijin Mining increasing over 2%.