Hong Kong Stocks Open Mixed as Hang Seng Edges Up 0.03%, Tech Index Gains 0.55%, Optical Communication Sector Rallies

Deep News11-02 09:30

The three major Hong Kong stock indices opened higher collectively today, with the Hang Seng Index rising 0.03% to 23,301.74 points, the Hang Seng Tech Index gaining 0.55%, and the State-Owned Enterprises Index up 0.18%.

On Friday, U.S. stocks fell sharply as disappointing corporate earnings from technology companies weighed on the broader market, with all three major indices closing significantly lower. The U.S. dollar retreated, the 10-year Treasury yield held steady at 4.92%, gold prices dropped notably, and oil prices remained elevated.

Among tech and internet stocks, shares traded mixed, with NetEase, Xiaomi, Kuaishou, and Tencent each climbing more than 1%, while Baidu dropped over 2% and Bilibili declined more than 1%.

The optical communication sector opened strong, with YOFC (ASX: 06869) shares rising more than 2%.

Automobile stocks were active, as XPeng gained over 1%.

Gold-related stocks weakened, with Lingbao Gold falling more than 4%.

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