Breaking News: Hang Seng Index Opens 0.26% Higher, ChiNext Up 0.24%, Interbank Rate Concepts Active

The US stock market had a mixed development, with the market awaiting news on geopolitics and interest rates. The Federal Reserve Chairman Powell is set to deliver a speech, which has created a cautious atmosphere in the market, resulting in varying performances of the three major indices. The US dollar trended upward, with the 10-year Treasury yield rising to 4.33%, while gold prices fluctuated downward, and oil prices remained stable.

Today, the Hong Kong stock market's three main indices all opened higher, with the Hang Seng Index up 0.26% at 25241.29 points, the ChiNext Index up 0.24%, and the blue-chip index up 0.23%. The market saw mixed performances from technology stocks, with Xiaomi rising nearly 1% and Lenovo falling around 0.5%. Stablecoin concepts generally rose, with cloud finance up over 7%. Real estate stocks surged, with Midea Properties up over 14%. Semiconductors saw some gains, with BQ Semiconductor up over 3%. Oil and gas equipment and services saw active trading, with Victory Pipeline up over 9%.