On October 15, all three major Hong Kong stock indexes opened lower. The Hang Seng Index opened at 24,119.14 points, down 195.03 points or 0.8%; the Hang Seng Tech Index opened at 4,082.06 points, down 92.41 points or 2.21%; the China Enterprises Index fell 0.72% to 8,124.22 points; and the Red Chip Index dropped 0.34% to 4,050.4 points.
On the trading floor, technology and internet stocks broadly declined. Among constituent stocks, Haier Smart Home (06690), BeiGene (06160), and Xinyi Glass (00868) led the gains on the Hang Seng Index, while CATL (03750) and Hua Hong Semiconductor (01347) led the declines. Among Hang Seng Tech Index constituents, Haier Smart Home and JD Health (06618) posted the largest gains.
Storage concept stocks opened lower, with the CSOP SK Hynix Daily Leveraged (2x) product dropping over 14%. PCB concept stocks were sluggish, with Kingboard Laminates falling more than 8%. Hong Kong computing power hardware stocks broadly opened lower, with ASMPT and Foxconn Interconnect Technology each declining over 5%.
On the new listing front, Transsion Holdings (02636) debuted today at an issue price of HK$35.30, opening 0.96% lower.
In related news, the three major U.S. stock indexes all closed lower overnight. The Dow Jones fell 0.09% to 51,621.48 points, the Nasdaq dropped 1.88% to 26,692.87 points, and the S&P 500 declined 1.11% to 7,718.94 points. U.S. September CPI rose 3.7% year-on-year, above the market expectation of 3.6%, heightening concerns that the Federal Reserve will continue raising interest rates.
In the Asia-Pacific region, South Korea's KOSPI index plunged 5.5%, with SK Hynix and Samsung Electronics posting consecutive declines as the memory chip supply chain continued to weaken, dragging Hong Kong storage concept and computing power hardware-related sectors lower at the open. Meanwhile, spot gold and spot silver prices moved higher.
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