Hong Kong Stocks Open Higher: HSI Up 0.53%, Tech Index Gains 0.81% as Tech and Auto Stocks Rally

Deep News12-19 09:33

U.S. stocks closed higher on Thursday, driven by strong earnings from tech companies, which boosted the Nasdaq Composite. The latest U.S. consumer price index showed slower growth, reinforcing expectations of interest rate cuts and improving market sentiment. All three major indices ended the session in positive territory. The U.S. dollar stabilized at lower levels, while the 10-year Treasury yield retreated to 4.12%. Gold prices pulled back from highs, and oil prices also softened.

Today, Hong Kong's three major indices opened higher. The Hang Seng Index (HSI) rose 0.53% to 25,634.22 at the open, while the Hang Seng Tech Index gained 0.81% and the Hang Seng China Enterprises Index climbed 0.58%.

Sector-wise, tech stocks broadly advanced, with NetEase, Kuaishou, and Bilibili up over 1%. Auto stocks were active, with XPeng Motors rising more than 2%. Semiconductor stocks opened higher, with Hua Hong Semiconductor gaining over 1%. Apple-related stocks also started strong, with VSTECS jumping over 2%.

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