Hang Seng Index Opens 0.07% Lower, Tech Index Dips 0.22%; Tech and Oil Stocks Broadly Decline, Gold Stocks Rise

Deep News01-20 09:33

Major US stock markets were closed on Monday for a holiday. Influenced by geopolitical news, US stock futures declined significantly, and European stock markets also recorded substantial losses. The US dollar showed a weak trend, while the yield on the US 10-year Treasury note rose to around 4.26%. Gold prices continued their positive trajectory, and oil prices trended upwards.

Today, the three major Hong Kong stock indices opened lower collectively. The Hang Seng Index opened down 0.07% at 26,544.90 points, the Hang Seng Tech Index fell 0.22%, and the Hang Seng China Enterprises Index declined 0.16%. Across the market sectors, technology stocks were mostly lower, with Baidu down over 2%, and Xiaomi and Tencent each falling more than 1%. Gold stocks generally rose, with Zijin Mining Group gaining over 1%. Oil stocks opened lower, with Sinopec Shanghai Petrochemical dropping more than 4%. Property stocks continued their decline, with Country Garden falling over 4%.

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