Hong Kong Stocks Open Higher: Hang Seng Index Jumps 0.7%, Tech Index Gains 0.78%, Internet Giants Mixed, Memory Chip Stocks Surge, XINDE SEMI Debuts Up Over 20%

Deep News11-10

U.S. stocks staged a sharp rebound on Monday, with oil prices pulling back from recent highs, lifting overall market sentiment as all three major indices closed with solid gains. The U.S. dollar weakened, the 10-year Treasury yield climbed back to 4.88%, gold prices continued to strengthen, while oil prices fluctuated lower. Hong Kong's three major indices all opened higher today, with the Hang Seng Index rising 0.7% to 24,621.13 points at the open, the Hang Seng Tech Index gaining 0.78%, and the China Enterprises Index up 0.47%.

On the board, internet sector stocks were mostly higher, with Lenovo Group Ltd (HKEX: 00992) jumping over 5% while JD.com Inc (HKEX: 09618) slipped nearly 1%. Memory chip-related stocks opened strongly, with the Southbound leveraged long product on SK Hynix surging more than 14%. The optical communication sector showed signs of recovery, as Zhongji Innolight Co Ltd (SZSE: 300308) rose over 6%. AI application stocks were active, with MINIMAX Group (HKEX: 02550) climbing more than 5%. Innovative drug concept stocks advanced collectively, with WuXi AppTec Co Ltd (SSE: 603259) gaining over 6%.

Two new listings debuted today: XINDE SEMI (HKEX: 07672) opened 20.5% higher, while Denglin Technology (HKEX: 02086) opened 0.87% lower.

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