Hang Seng Index Opens 0.06% Higher, Tech Index Dips 0.11%; Auto and Chinese Brokerage Stocks Active

Deep News12-09

U.S. stocks closed lower on Monday as investors awaited the Federal Reserve's interest rate decision, leaving the market directionless. All three major indices ended in negative territory. The dollar showed mixed stability, while the 10-year U.S. Treasury yield rose to 4.16%. Gold prices initially climbed before retreating, and oil prices faced downward pressure.

Today, Hong Kong's three major indices opened with mixed performance. The Hang Seng Index edged up 0.06%, while the Hang Seng Tech Index dipped 0.11%, and the Hang Seng China Enterprises Index saw a slight decline. Sector-wise, tech stocks were divided, with Alibaba rising over 1% while Kuaishou dropped more than 1%. Chinese brokerage stocks opened higher, with Guolian Minsheng gaining over 1%. Some biotech stocks advanced, with Ascletis Pharma surging over 14%. Auto stocks were active, with Chery Auto climbing more than 2%.

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