Hang Seng Index Opens Lower by 0.2%, Tech Index Down 0.37%; Gold and Chip Stocks Weaken

Deep News09:33

The US stock market showed strong performance on Monday, with technology stocks leading the gains. The Dow Jones Industrial Average reached a new all-time high, and all three major indices closed in positive territory. The US dollar initially strengthened before retreating, while the yield on the 10-year US Treasury note held steady around 4.47%. Gold prices fluctuated but remained relatively stable, and oil prices continued to hover near recent lows.

Today, Hong Kong's three major stock indices opened lower collectively. The Hang Seng Index began trading down 0.2% at 23,404.61 points. The Hang Seng Tech Index fell 0.37%, and the Hang Seng China Enterprises Index declined 0.41%.

Looking at sector performance, most technology and internet stocks opened higher. Baidu Inc and Tencent Holdings Ltd both rose more than 1%, while Kuaishou Technology dropped over 5%.

Shares related to robotics concepts opened higher, with Woan Robotics surging more than 4%.

In contrast, the majority of semiconductor stocks declined at the open. GigaDevice Semiconductor fell more than 5%.

Gold-related stocks also opened lower, with Chifeng Gold dropping over 3%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment