Hong Kong Shares Open Lower as Tech Stocks Weaken and Gold Stocks Rebound; Six New Listings Debut

Deep News09:33

US equities showed early gains on Thursday before retreating, with technology stocks underperforming and failing to benefit from positive Micron earnings news. Apple's announcement of price increases for its products led to a sharp decline in its share price. The three major US indices closed mixed. The US dollar weakened, and the yield on the 10-year US Treasury note fell to around 4.38%. Gold prices initially fell but later rebounded, and oil prices also recovered from earlier lows.

Today, the three major Hong Kong stock indices opened lower collectively. The Hang Seng Index opened down 0.54% at 22,952.09 points, the Hang Seng Tech Index fell 0.78%, and the Hang Seng China Enterprises Index declined 0.44%. In terms of sector performance, technology and internet stocks were broadly lower, with Alibaba falling over 3% and Lenovo down 2%. Gold stocks saw a rebound, with Lingbao Gold rising over 2%. Automobile stocks weakened, with NIO dropping over 3%. Most Chinese brokerage stocks declined, with China International Capital Corporation Ltd falling over 1%. Six new stocks debuted today: Zhongke Wenge surged over 81%, Keytop Parking (ASX: 02272) soared over 178%, Xinji Weizhuang jumped over 73%, Lingyi Zhizao gained over 6%, Shengbang Gufen rose over 23%, and Merdeka Gold-DRS opened flat.

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