Hong Kong Stocks Open Lower as Tech and Memory Chip Shares Slide, Lenovo Drops Over 6%

Deep News09:31

U.S. equities ended mixed overnight, with the Dow Jones Industrial Average slipping 0.07% while the S&P 500 and Nasdaq Composite gained 0.41% and 1.11% respectively. The U.S. Department of Homeland Security (DHS) issued a notice requiring the removal of China's AI model DeepSeek and third-party services built on it from the information technology systems of U.S. federal civilian agencies.

Hong Kong's three major indices opened lower across the board today. The Hang Seng Index fell 0.81% at the open to 23,990.05 points, the Hang Seng Tech Index dropped 1.28%, and the China Enterprises Index declined 0.61%.

On the board, tech-related shares broadly declined, with Lenovo Group Ltd (ASX: 0992) dropping more than 6%. Mainland banking stocks were active, with Qingdao Bank Co Ltd (ASX: 3866) rising over 1%. Memory chip concept stocks opened lower, as the CSOP SK Hynix Daily Leveraged (2x) Product fell more than 11%. Gold stocks collectively declined, with Zijin Gold International Co Ltd (ASX: 2259) dropping more than 3%.

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