Hong Kong Stock Market Opens: Hang Seng Index Falls 0.74%, ChiNext Index Drops 1.83%! Ideal Auto Plunges Over 9%!
US stocks rose initially on Tuesday, but then retreated as market participants awaited the outcome of the Federal Reserve's interest rate decision. Additionally, there was no progress in US-China trade talks, which dragged down the market and led to a decline in all three major indices. The dollar index fluctuated downward, while the 10-year Treasury yield fell to 4.32%, gold prices remained stable, and oil prices rose.
Today's Hong Kong stock market saw all three major indices open lower. The Hang Seng Index fell 0.74% to 25335.21 points, the ChiNext Index dropped 1.83%, and the Hang Seng Enterprise Index declined 0.98%. On the trading floor, stocks in the technology sector generally fell, with Alibaba, JD.com, and Baidu falling over 2%; Meituan and Bilibili fell over 1% as well. Gold stocks rose sharply, with Zhongke Gold increasing nearly 2%. Brokerage stocks from mainland China reversed their gains, with China Galaxy Securities (601881) falling over 1%. Stocks in the new energy vehicle sector mostly opened lower, with Ideal Auto plummeting over 9%.
