Hang Seng Index opens higher with technology stocks supporting market
The Hang Seng Index has opened positively, gaining 164 points or 0.64%, reaching 25,660 points. The National Enterprises Index rose by 65 points, equivalent to a 0.71% increase, now standing at 9,173 points, while the Technology Index climbed 56 points, or 0.99%, to 5,785 points. Technology stocks showed strong performance, with Tencent rising by 1%, Alibaba increasing by 1.3%, and Meituan slightly down by 0.1%. Xiaomi Group saw a rise of 1.9%, JD.com surged by 2.6%, and Kuaishou gained 0.7%.
In the financial sector, stocks exhibited mixed results; HSBC Holdings fell by 0.1%, while AIA Group remained stable. Ping An Insurance showed no change, and Hong Kong Exchanges and Clearing rose by 0.3%.
Automobile stocks had varied performances: BYD gained 1.7%, Geely Automobile dropped by 0.3%, NIO surged by 3.1%, XPeng Motors increased by 1.2%, and Li Auto rose by 3.1%.9:42 AM.
Source: DimsumDaily
