Hong Kong Stock Market Opens with Gains: Hang Seng Index Rises 0.4% and ChiNext Rises 0.99%! New Consumer Concepts Proliferate, New Energy Stocks Rebound, Xiaopeng Auto Soars 9%, Name Creation Products Rise 10%, Xiaomi and Tencent Rise 1%

US stocks fell sharply on Thursday, with corporate performance weak and job data disappointing, dragging the market down early in the day. The decline narrowed somewhat at the end of the session, with all three major indices closing lower. The US dollar trended upwards, with the 10-year Treasury yield rising to 4.32%, gold prices stabilized, and oil prices rose.

Today's Hong Kong stock market saw all three major indices open higher, with the Hang Seng Index rising 0.40% to 25205.04 points, and the ChiNext Index rising 0.99%. On the trading floor, tech stocks rose and fell, with NetEase, Xiaomi, and Tencent rising over 1%, while Bilibili fell nearly 5%; new consumer concept stocks generally rose, with Name Creation Products rising over 10%; innovative pharmaceutical concept stocks continued their upward trend, with Shengshi Pharmaceuticals rising over 4%; gold stocks were active, with Zhongxin Gold rising over 2%; new energy automotive stocks rebounded, with Xiaopeng Auto soaring 9%; and stablecoin concept multiple stocks opened higher, including Lianlian Digital, which rose over 3%.