US markets continued their upward trajectory on Friday, with reports of a US-Iran peace agreement contributing to a significant drop in oil prices and boosting overall market sentiment. The indices opened higher, with gains expanding during the session. Although some of the mid-day advances were pared back, all three major indices closed in positive territory. The US dollar weakened, while the yield on the 10-year US Treasury note rose to around 4.47%. Gold prices saw a substantial rebound, whereas oil prices declined notably.
Today, the three major Hong Kong stock indices opened collectively higher. The Hang Seng Index started the day up 1.15% at 25,001.42 points, the Hang Seng Tech Index gained 1.78%, and the Hang Seng China Enterprises Index rose 0.95%. Across the board, technology and internet stocks were broadly higher. Tencent Holdings Ltd (HKEX: 00700), Meituan (HKEX: 03690), Alibaba Group Holding Ltd (HKEX: 09988), and Kuaishou Technology (HKEX: 01024) all rose more than 2%. AI application stocks opened strong, with Knowledge Atlas (HKEX: 02513) surging over 14%. Aviation stocks collectively advanced, with China Eastern Airlines Corporation Limited (HKEX: 00670) up more than 8%. Gold stocks posted significant gains, with Zijin Mining Group Company Limited (HKEX: 02899) climbing over 8%. Liuliumei (HKEX: 06658) made its market debut today, opening nearly 118% higher on its first day of trading.
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Hong Kong's Hang Seng Index Opens Higher, Tech and Gold Stocks Lead Gains
Deep News06-15 09:32
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