Hong Kong Stock Market Opens with Gains: Hang Seng Index Rises 0.05%, ChiNext Index Up 0.15%!
US stocks surged sharply on Monday, with the market digesting the weak employment data and anticipating a significant interest rate cut by the Federal Reserve, leading to a notable rebound in all three major indices. The US dollar weakened, with the 10-year Treasury yield falling to 4.19% levels, while gold prices continued to rise, and oil prices were affected by production news.
Today, Hong Kong's three major indices all opened higher. The Hang Seng Index rose 0.05%, closing at 24,746.81 points, while the Hang Seng Technology Index gained 0.15%. On the trading floor, tech stocks rose and fell, with fast-moving stocks up over 2%; innovative pharmaceuticals generally opened higher, with Sansure Biotech rising over 2%; chip stocks were mixed, with Junshi Biosciences up over 2%; new consumer concepts opened higher, with cooking circle stocks rising over 4%. Some electric vehicle companies saw a pullback, with Li Auto falling over 5%.
