HK Market Opens: Hang Seng Index Up 0.09%, ChiNext Index Up 0.40%! Most Chinese Banks' Stocks Rise, Innovative Drug Concepts Continue to Rally, Xiaopeng Motors Up Over 5%, JD.com and Baidu Up Over 1%, Lenovo Down 1%
The US stock market closed unevenly last Friday, with some showing growth and others decline. The market is cautious ahead of the meeting between the US and Russian heads of state, with mixed performances from the three major indices. The US dollar trended downward, while the 10-year Treasury yield rose to 4.32%. Gold prices showed a decline, and oil prices remained soft.
Today, the Hong Kong stock market's three major indices all opened higher. The Hang Seng Index rose 0.09%, to 25,293.34 points, while the Hang Seng Tech Index rose 0.40%. In terms of individual stocks, some in the sci-tech sector saw declines, but others saw significant gains: Xiaopeng Motors up over 5%; JD.com and Baidu up over 1%; Lenovo down nearly 1%. Most Chinese banks' stocks generally rose, with Guolian Minsheng rising over 2%. Innovative drug concepts also saw most stocks rise, with Honsen Pharmaceuticals up over 2%. Yellow metal stocks were active, with China Gold International rising over 1%. Some new energy vehicle stocks also rose, with Xiaopeng Motors leading the way.