To The Moon

US stocks were largely positive on Thursday, with the market anticipating a ceasefire agreement between the US and Iran. A pullback in oil prices spurred a broader market rebound, while tech stocks faced pressure, leading to a mixed close for the three major indices. The US dollar was volatile and generally weak, with the yield on the 10-year Treasury note falling to around 4.47%. Gold prices rebounded from lows, while oil prices remained under pressure.

Today, the three major Hong Kong stock indices opened collectively lower. The Hang Seng Index started the day down 0.27% at 25,186.12 points, the Hang Seng Tech Index fell 0.31%, and the Hang Seng China Enterprises Index declined 0.1%.

Where to begin with the market action?

Among tech and internet stocks, gains slightly outnumbered losses. Bilibili Inc. and Xiaomi Corp. rose nearly 1%, while Lenovo Group dropped over 4%.

Airline stocks opened higher, with China Eastern Airlines gaining more than 1%.

Most lithium battery stocks advanced, with Contemporary Amperex Technology Co. Ltd. rising over 1%.

The semiconductor sector experienced a pullback, with Montage Technology Co., Ltd. falling more than 4%.

A look at today's new listings

Three new stocks debuted today. Dajin Heavy Industry Corp. opened flat, Tiancheng Biology Co., Ltd. surged over 50%, and Longfeng Group plunged more than 16%.