Hong Kong Stocks Open Higher with Tech and Auto Shares Leading Gains

Deep News04-29 09:32

U.S. stocks declined on Tuesday as rising oil prices dampened market sentiment. Investors remained cautious ahead of the Federal Reserve's interest rate decision, with all three major indices closing lower. The U.S. dollar strengthened, while the yield on the 10-year Treasury note rose to 4.34%. Gold prices fell significantly, while oil prices continued to show strength.

Hong Kong's three major indices opened higher today. The Hang Seng Index rose 0.63% to open at 25,842.63 points, the Hang Seng Tech Index gained 1.07%, and the Hang Seng China Enterprises Index increased by 0.64%.

In market movements, technology stocks broadly advanced. Bilibili and NetEase rose more than 2%, while JD.com, Alibaba, and Meituan increased over 1%. Some biopharmaceutical stocks also gained, with WuXi Biologics up more than 1%. Auto shares were active, with NIO Inc. climbing over 4%. Conversely, gold stocks generally declined, with Lingbao Gold falling more than 1%.

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