Hong Kong Stocks Open Higher: HSI Up 0.59%, Tech Index Gains 0.67%; Tech Stocks Active, Lithium Battery Sector Rises, Auto Stocks Mixed with NIO Down Over 6%

Deep News11-26

U.S. stocks continued their upward trend on Tuesday as renewed expectations of interest rate cuts fueled a strong market rebound, with all three major indices closing higher. The dollar weakened, while the 10-year U.S. Treasury yield fell to around 4%. Gold prices rose, while oil prices faced downward pressure.

Today, Hong Kong's three major indices opened higher. The Hang Seng Index (HSI) rose 0.59% to 26,046.74, the Hang Seng Tech Index gained 0.67%, and the Hang Seng China Enterprises Index climbed 0.64%.

Sector-wise, most tech stocks advanced, with Meituan surging over 4%, while Lenovo and Kuaishou rose more than 1%. Alibaba, however, dropped over 2%. The lithium battery sector opened higher, with CATL up more than 2%. Insurance stocks were active, as New China Life Insurance gained over 1%. Auto stocks showed mixed performance, with XPeng rising over 2%, while NIO Inc. (NIO-SW) fell more than 6%.

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