Hong Kong Stock Market Opens with Gains: Hang Seng Index Rises 0.26%, ChiNext Index Up 0.24%! Property Stocks Soar, Sunac China Holdings Rises Over 14%, Cloud Financial Rises 7%, Xiaomi Group Rises 1% and Lenovo Falls 0.5%
The US stock market has had a mixed development, with investors looking out for geopolitical news and Federal Reserve Chairman Powell's upcoming speech. The market atmosphere is cautious, with the three major indices closing up or down. The dollar trend is positive, with the 10-year Treasury yield rising to 4.33%, gold prices fluctuating downward, and oil prices remaining stable.
Today's Hong Kong Stock Market three major indices have collectively opened higher, with the Hang Seng Index rising 0.26% to 25241.29 points, and the ChiNext Index up 0.24%. On the market floor, stocks from various sectors have risen or fallen, with Xiaomi Group rising nearly 1%, Lenovo falling around 0.5%; stablecoin concept stocks have mostly gone up, Cloud Financial Rises over 7%); internal property stocks have opened higher, Sunac China Holdings has risen over 14%); chip stocks have seen some gains, Bakers Microelectronics has risen over 3%); and oil and gas equipment and service stocks are active, Victory Pipe has risen over 9%.