U.S. stocks showed mixed performance last Friday, initially weighed down by concerns over a potential government shutdown's economic impact and high valuations in the tech sector. However, markets stabilized after Democrats proposed a compromise to avert the shutdown, with major indices closing unevenly. The U.S. dollar weakened, while the 10-year Treasury yield climbed to 4.09%. Gold prices strengthened, and oil prices rebounded.
Today, Hong Kong's major indices opened higher. The Hang Seng Index (HSI) rose 0.30% to 26,319.40, the Hang Seng Tech Index gained 0.36%, and the Hang Seng China Enterprises Index advanced 0.26%.
Sector highlights: - Tech stocks were mixed, with Alibaba and Tencent up over 1%, while Baidu fell nearly 1%. - Lithium battery stocks opened strong, with Tianqi Lithium rising over 2%. - Gold stocks were active, as Chifeng Gold climbed more than 1%. - Auto stocks saw partial gains, with Seres Group surging over 3%.
