Hang Seng Index Opens Modestly Higher Following Mixed Sector Performance
Hong Kong’s equity market commenced Tuesday’s trading session with modest gains, as investors displayed cautious optimism. The benchmark Hang Seng Index advanced by 86 points, or 0.33 per cent, to open at 25,945.
Supporting the positive opening, the Hang Seng China Enterprises Index recorded a gain of 28 points to reach 9,158, while the technology-focused index added 11 points, opening at 5,611.
Trading activity revealed a divided performance within the technology sector. Industry leaders Tencent Holdings and Alibaba Group registered increases of 0.3 and 0.9 per cent respectively, while Xiaomi Corporation and Kuaishou Technology also opened in positive territory. Conversely, Meituan declined by 2.3 per cent following its earnings release, with JD.com also retreating by 0.6 per cent.
The financial sector exhibited varied movements during early trading. Insurance heavyweight AIA Group advanced by 1 per cent, while Ping An Insurance recorded a 0.6 per cent gain. Market stalwarts HSBC Holdings and Hong Kong Exchanges and Clearing remained unchanged from their previous closing levels.
Source : dimsumdaily.hk
