U.S. stocks showed mixed performance last Friday as market sentiment diverged over interest rate trends, weighing on overall market performance. The three major indices closed with varied results. The U.S. dollar remained stable, while the 10-year Treasury yield climbed back to 4.15%. Gold prices saw a notable decline, while oil prices trended upward.
Today, Hong Kong's three major indices opened lower. The Hang Seng Index (HSI) fell 0.49% to 26,441.70, the Hang Seng TECH Index dropped 0.71%, and the Hang Seng China Enterprises Index declined 0.36%.
Sector-wise, most tech stocks declined, with Baidu down over 2%, and Alibaba and Lenovo dropping more than 1%. Chip stocks opened higher, with Hongguang Semiconductor rising over 3%. New consumer concept stocks showed activity, with Chabaidao gaining over 1%. Gold stocks broadly weakened, as Chifeng Gold fell over 2%. Insurance stocks opened lower, with AIA down more than 2%. Airline stocks weakened, with China Eastern Airlines dropping over 4%.
