Hong Kong Stocks Open Higher: Tech and Battery Shares Lead Gains

Deep News09:33

U.S. markets stabilized on Monday after an initial decline, with early losses driven by geopolitical news. President Trump's remarks about an imminent U.S.-Iran agreement helped narrow the downturn, leaving major indices with only modest declines at the close. The dollar weakened, while the 10-year U.S. Treasury yield held at 4.25%. Gold prices advanced, and oil prices rose initially before pulling back.

Hong Kong’s three major indices opened higher today. The Hang Seng Index gained 0.31% to open at 26,442.29, the Hang Seng Tech Index rose 0.53%, and the Hang Seng China Enterprises Index increased by 0.42%. Among sectors, technology and internet stocks generally advanced, with Baidu up more than 1%. Lithium battery shares also opened higher, as Tianqi Lithium surged over 8%. Some biopharmaceutical stocks rose, with Sihuan Pharmaceutical climbing more than 2%. Victory Giant Technology (Huizhou) Co., Ltd. made its market debut today, opening over 57% higher on its first day of trading.

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