Hong Kong Stocks Open Mixed: Hang Seng Index Up 0.23%, Hang Seng Tech Index Down 0.63%, Tech Giants Diverge, Memory Chip Concept Stocks Open Lower

Deep News09:30

On Thursday, U.S. stocks fell broadly across the board, with disappointing tech earnings dragging the Nasdaq sharply lower, and all three major indexes closing in negative territory. The U.S. dollar retreated, the 10-year Treasury yield slid to 4.92%, gold prices came under pressure, while oil prices remained strong.

Today, Hong Kong's three major indexes opened mixed. The Hang Seng Index opened up 0.23% at 23,011.29 points, the Hang Seng Tech Index fell 0.63%, and the China Enterprises Index rose 0.31%.

On the board, tech giants traded mixed. Lenovo Group Ltd (ASX: 0992) dropped more than 6%, Kuaishou Technology (ASX: 1024) fell more than 1%, while Xiaomi Corporation (ASX: 1810), NetEase Inc (ASX: 9999), and JD.com Inc (ASX: 9618) each rose more than 1%.

Memory chip concept stocks opened lower, with the CSOP SK Hynix Daily Leveraged (2x) Product dropping more than 14%.

The optical communications sector weakened, with Yangtze Optical Fibre and Cable Joint Stock Ltd (ASX: 6869) falling more than 8%.

Gold stocks declined broadly, with Zijin Gold International Co Ltd (ASX: 2259) dropping more than 3%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment