Hong Kong Stock Market Opening: Hang Seng Index Down 0.15%, ChiNext Index Down 0.31%! Innovation Pharmaceutical Continues to Rise, Zhongtai Holdings Up 15%, Chip Stocks Rise, and Zhongding Wei Technology Up Over 3%

The US stock market rose on Tuesday and then retreated, with technology stocks experiencing a reversal, which dragged down the overall market performance. The three major indices all recorded declines for the day. The dollar trended downward, while the 10-year Treasury yield rose to 4.2 levels. Gold prices remained strong, while oil prices were relatively soft.

Today's Hong Kong stock market opening saw the three major indices collectively decline, with the Hang Seng Index down 0.15%, reporting 24864.15 points, and the ChiNext Index down 0.31%, with the state-owned enterprise index down 0.21%. On the trading floor, biotech stocks fell mainly, with Lenovo and Baidu falling over 1% each. Innovation pharmaceutical concepts generally rose, with Zhongtai Holdings up 15%. Chip stocks mostly rose, with Zhongding Wei Technology up over 3%. Insurance stocks generally rose, with Zhenhua Life up over 1%.