Stock Market Opening: Hang Seng Index Up 0.35% and ChiNext Index Up 0.19%! Gold Stocks Decline, Colored Metal Plateau High, Zhonghui Biotech Soars Over 155%, Tianqi Lithium Industry Rises 14%
US stocks performed well last Friday, with the possibility of geopolitical tensions easing and driving the market up. Tech stocks were strong performers, with the NASDAQ again reaching a historic high, with all three major indices closing higher. The US dollar trended downward, while US 10-year bond yields rose to 4.28%, gold prices initially rose then fell back, and oil prices continued to be under pressure.
Today, the Hang Seng Index opened sharply higher, up 0.35% at 24,964.55 points, while the ChiNext Index rose 0.19%, with the state-owned enterprise index rising 0.26%. On the trading floor, tech stocks rose and fell, with Alibaba up over 1% and NetEase down nearly 1%. Biotech stocks surged, with Zhonghui Biotech soaring over 155% on its first day of listing. Cryptocurrency concept stocks generally rose, with Huasheng Healthcare up over 10%. The colored metal plateau saw most stocks rise, with Tianqi Lithium Industry (002466) rising over 14%. Apple concept stocks were lively, with Ruisheng Technology up over 2%. Gold stocks retreated, with Chifeng Gold (600988) falling over 3%.
