Hong Kong Stocks Open Sharply Higher as Hang Seng Jumps Over 1%, Tech Index Leads Gains

Deep News10-16 09:32

The three major Hong Kong indices all opened higher today, with the Hang Seng Index rising 1.08% at the open to 24,321.45 points, the Hang Seng Tech Index gaining 1.59%, and the China Enterprises Index climbing 1.19%.

On Wall Street, US stocks rebounded on Thursday as bond yields pulled back from elevated levels, lifting overall market sentiment, with all three major indices closing in positive territory. The US dollar retreated from its highs, while the US 10-year Treasury yield slipped to 5.06%. Gold prices trended higher, and oil prices stabilized after fluctuating.

Across the board, internet and tech stocks advanced broadly, with Baidu and Kuaishou rising nearly 3%, and JD.com gaining more than 3%.

Storage-related concept stocks staged a recovery, with the CSOP SK Hynix Daily Leveraged (2x) Product surging over 7%.

Optical communication sector stocks rose broadly, with Zhongji Innolight up more than 4%.

Gold stocks were also active, as Zijin Gold International climbed over 2%.

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