Hang Seng Index Opens Slightly Higher, Tech Sector Shows Divergence

Deep News05-19 09:38

U.S. stocks showed mixed performance on Monday, with market sentiment affected by rapidly changing developments in the Middle East. A decline in technology stocks weighed on the broader market, resulting in a split close for the three major indices. The U.S. dollar fluctuated to the downside, while the yield on the 10-year Treasury note rose initially before retreating. Gold prices faced downward pressure, whereas oil prices fluctuated higher.

Today, Hong Kong's three major stock indices opened with mixed movements. The Hang Seng Index opened up 0.07% at 25,693.37 points. The Hang Seng Tech Index fell 0.14%, and the Hang Seng China Enterprises Index declined 0.07%.

In sectoral performance, technology and internet stocks were mixed. NetEase and Bilibili rose over 2%, while JD.com fell more than 1%. Gold stocks showed signs of recovery, with Chifeng Gold gaining over 1%. Chinese securities firms were active, with Everbright Securities rising more than 1%. Automobile stocks displayed divergence, as XPeng declined over 2%.

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