Hong Kong Stocks Open Higher, Tech and Gold Shares Gain; Kuaishou Surges Over 9%

Deep News05-12

U.S. stocks fluctuated but closed higher on Monday. Geopolitical tensions initially weighed on the market, but indices recovered, with the S&P 500 and Nasdaq reaching new record highs. All three major U.S. indices ended the session in positive territory. The U.S. dollar strengthened, while the yield on the 10-year U.S. Treasury note rose to approximately 4.41%. Gold prices held steady, and oil prices advanced before paring gains.

Hong Kong's three major stock indices opened higher today. The Hang Seng Index gained 0.34% to open at 26,497.03 points. The Hang Seng Tech Index rose 0.45%, and the Hang Seng China Enterprises Index increased by 0.2%.

In the market, most technology and internet stocks declined, with KUAISHOU-W being a notable exception, surging over 9%. LENOVO GROUP fell 0.67%. Gold stocks showed signs of recovery, with Chifeng Gold rising over 2%. Semiconductor shares were active, with TianShu Zhixin gaining over 2%. The majority of innovative drug concept stocks advanced, with ZAI LAB climbing over 4%.

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