Hong Kong Stocks Open Higher: Hang Seng Index Up 1.46%, Tech Index Rises 1.77%

Deep News02-23 09:33

U.S. stocks performed well last Friday, with the Supreme Court rejecting former President Trump's global tariff policy, leading to a fluctuating but upward market trend. After opening lower, the indices rebounded significantly, and all three major indices closed with gains. The U.S. dollar experienced a volatile decline, while the yield on the 10-year Treasury note rose to around 4.08%. Gold prices moved higher, and oil prices stabilized with some fluctuations.

Today, Hong Kong's three major indices opened collectively higher. The Hang Seng Index opened up 1.46% at 26,798.97 points, the Hang Seng Tech Index rose 1.77%, and the Hang Seng China Enterprises Index increased by 1.47%. In terms of sector performance, technology and internet stocks saw broad gains. NetEase rose over 5%, while Kuaishou and Meituan increased by more than 3%. JD.com and Alibaba both advanced over 2%. Gold stocks generally climbed, with China Gold International rising more than 3%. Automobile stocks were active, with Geely posting a gain of over 1%. The semiconductor sector opened higher, with Hua Hong Semiconductor increasing by more than 2%.

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