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

Deep News11:12

U.S. stocks rebounded on Wednesday as market sentiment improved on hopes of easing tensions between the U.S. and Iran. All three major U.S. indices closed higher. The U.S. dollar retreated from recent highs, while the yield on 10-year Treasury notes rose to around 4.1%. Gold prices rebounded after a sharp decline, and oil prices fluctuated with an upward trend.

Today, Hong Kong's three major indices opened higher. The Hang Seng Index rose 1.32% at the open to 25,583.65 points, while the Hang Seng Tech Index gained 1.61% and the Hang Seng China Enterprises Index increased by 1.1%. Across the market, technology and internet stocks broadly advanced. Bilibili rose more than 3%, Kuaishou gained over 2%, and Xiaomi, Meituan, and Lenovo each increased by more than 1%. AI application stocks showed signs of recovery, with Minimax climbing over 7%. Semiconductor stocks opened higher, with Gigadevice rising more than 5%. Lithium battery shares also saw broad gains, with Contemporary Amperex Technology up over 4%. Auto stocks were active, with NIO Inc. rising more than 5%.

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