Hang Seng Index Slightly Down at Open, Tech Index Rises; AI and Biotech Stocks Active

Deep News06-01 09:32

U.S. stocks continued to set new highs last Friday, with the market optimistic about an end to the Middle East conflict, driving major indices to record levels. All three major indexes closed higher. The U.S. dollar weakened, while the yield on the 10-year Treasury note fell to around 4.43%. Gold prices showed strength, while oil prices remained soft.

Today, Hong Kong's three major stock indexes opened mixed. The Hang Seng Index edged down 0.01% to open at 25,180.05 points. The Hang Seng Tech Index rose 0.22%, while the Hang Seng China Enterprises Index fell 0.07%.

In terms of sector performance, most technology and internet stocks gained. Meituan rose over 2%, while Kuaishou, Tencent, and Baidu each gained over 1%. JD.com and NetEase fell more than 1%. Biotech concept stocks were active, with Akeso surging over 9%. Some mainland property stocks advanced, with Sino-Ocean Group climbing over 4%. AI application stocks opened higher, with Minimax jumping over 5%.

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