Hong Kong Shares Open Mixed: Hang Seng Edges Up, Tech Index Dips, Tech Stocks Active, PCB Shares Pull Back, Knowledge Atlas Plummets

Deep News09:33

U.S. markets closed lower on Thursday, with technology stocks undergoing an adjustment that weighed on the broader market, leading all three major indices to finish in negative territory. The U.S. dollar strengthened, while the yield on the 10-year Treasury note held around 4.55%. Gold prices remained under pressure, and oil prices hovered near recent highs.

In Hong Kong today, the three major indices opened with mixed results. The Hang Seng Index opened slightly higher, up 0.06% at 25,022.54 points. The Hang Seng Tech Index dipped by 0.05%, while the Hang Seng China Enterprises Index rose by 0.2%.

Looking at sector performance, technology and internet stocks were mostly higher. Xiaomi Corporation shares gained over 2%, while Bilibili Inc. and Baidu, Inc. rose more than 1%. Lenovo Group shares, however, fell over 2%.

Shares related to printed circuit board (PCB) concepts continued their downward correction, with Kingboard Laminates Holdings Ltd dropping 4%.

Gold stocks were broadly lower, with Chifeng Jilong Gold Mining Co., Ltd. declining more than 3%.

Some AI application stocks also saw declines, with Knowledge Atlas shares plunging over 12%.

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