Hong Kong Stocks Open Higher as Tech and Oil Shares Lead Gains

Hong Kong's three major indices all opened higher today, with the Hang Seng Index rising 0.41% at the open to 23,513.79 points, the Hang Seng Tech Index gaining 0.51%, and the State-owned Enterprises Index climbing 0.72%.

In the U.S. market, geopolitical risks have escalated, with reports claiming that the United States and Israel will launch another attack on Iran in November. Civil unrest in France has not subsided, government bonds fell sharply, and bond yields rose to 5.069%. Concerns about risks in AI investment and financing have been rising. Meta's third-quarter results beat expectations, but its AI development requires substantial capital investment, drawing market attention once again to whether massive capital expenditures can deliver returns. The technology sector declined. On Thursday, the Dow Jones Industrial Average closed up 11 points (+0.02%) at 52,867 points; the Nasdaq fell 694 points (-2.6%) to 26,008 points; and the S&P 500 dropped 93 points.

On the trading board, tech stocks were mixed with more gainers than losers. JD-SW (ASX: 09618) and MEITUAN-W (ASX: 03690) rose more than 2%, while Lenovo fell more than 3%. Oil stocks were active, with PETROCHINA (ASX: 00857) gaining more than 1%. Most chip stocks declined, with Montage Technology dropping over 3%. Lithium battery stocks continued to fall, with CATL (ASX: 03750) declining more than 3%. Gold stocks generally fell, with Zijin Mining dropping over 3%.