Hong Kong Stocks Open Mixed: Hang Seng Inches Up Slightly, Tech Index Slips, Gold Stocks Mostly Decline

Deep News09:32

US stocks ended lower on Friday as the latest non-farm payroll data significantly exceeded expectations, fueling rate hike concerns that weighed on the broader market, with all three major indices closing in negative territory. The US dollar strengthened, the 10-year Treasury yield rebounded to the 4.78% level, gold prices remained under pressure, and oil prices hovered near highs.

Today, Hong Kong's three major indices opened mixed, with the Hang Seng Index rising 0.01% to 25,652.97 points, the Hang Seng Tech Index falling 0.26%, and the Hang Seng China Enterprises Index dropping 0.08%.

On the sector front, tech stocks saw more decliners than gainers, with Baidu up over 1%, while Bilibili and NetEase each fell more than 2%. Innovative drug plays saw selective strength, with Fosun Pharma gaining over 2%. PCB concepts were active, with Han's CNC rising more than 2%. Gold stocks mostly declined, with Tongguan Gold dropping 10%.

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