US markets closed lower across the board on Wednesday. The latest US inflation data came in higher than anticipated, coupled with renewed tensions in the Middle East, weighing on market sentiment. All three major indices recorded significant declines at the close. The US dollar gained strength, with the yield on the 10-year US Treasury note rising to around 4.56%. Gold prices retreated sharply, while oil prices performed well.
Today, Hong Kong's three major indices opened collectively lower. The Hang Seng Index started the session down 0.11% at 24,380.02 points, the Hang Seng Tech Index fell 0.2%, and the Hang Seng China Enterprises Index declined 0.07%.
Key Market Movers
Among sector performances, technology stocks were mixed. Bilibili Inc. and Kuaishou Technology rose over 1%, while Alibaba Group Holding Ltd fell nearly 1%.
Oil and gas stocks showed notable activity, with Shandong Molong Petroleum Machinery Company Limited surging more than 14%.
Gold stocks were broadly lower, with Zijin Mining Group Company Limited down 3%.
Airlines opened weaker, with China Eastern Airlines Corporation Ltd falling over 2%.
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