U.S. stocks advanced on Thursday, buoyed by strong earnings from technology companies and supportive sentiment for artificial intelligence concepts, leading to a rebound across the major indices, all of which closed higher. The U.S. dollar showed strength, while the yield on the 10-year Treasury note climbed back to around 4.17%. Gold prices were volatile with a softer bias, and oil prices trended downward. Today, Hong Kong's three major indices opened collectively higher. The Hang Seng Index started the day up 0.64% at 27,094.85 points, the Hang Seng Tech Index rose 0.94%, and the Hang Seng China Enterprises Index gained 0.68%. Across the board, technology stocks were mixed: Alibaba rose 2%, while Kuaishou, Meituan, and Bilibili gained over 1%, and JD.com fell more than 0.5%. Automobile stocks opened higher, with BYD up over 1%. Most biopharma concept stocks advanced, with Giant Biogene rising more than 3%. The nonferrous metals sector saw a recovery, with Zijin Mining Group up over 2%. Chinese brokerage shares experienced broad-based gains, with Central China Securities climbing over 2%.
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