Hong Kong Shares Open Lower as Tech Stocks Retreat, Metals Sector Gains

Deep News09:35

U.S. stocks declined sharply on Monday amid uncertainty over U.S. tariff policies and persistent geopolitical risks, which heightened risk aversion. All three major indices closed lower. The U.S. dollar weakened, while the yield on the 10-year Treasury note fell to around 4.03%. Gold prices continued to rise, and oil prices remained stable.

Hong Kong's three major indices opened lower today. The Hang Seng Index dropped 0.62% to 26,913.68 points, the Hang Seng Tech Index fell 1.02%, and the Hang Seng China Enterprises Index declined 0.73%. Among sectors, most technology and internet stocks declined, with Bilibili falling over 2%, while Alibaba, Kuaishou, Baidu Group, and Xiaomi Group each dropped more than 1%. In contrast, the nonferrous metals sector opened higher, with Shandong Gold rising over 1%. Automobile stocks showed mixed performance: Xiface Group gained over 1%, while Beijing Automotive Group fell more than 1%. Lithium battery shares generally declined, with CALB dropping over 2%.

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