The Hang Seng Index opened down 117 points, or 0.59%, at 19,678 points this morning, reflecting a cautious market sentiment. The China Enterprises Index fell by 37 points, or 0.52%, to 7,095 points, while the Tech Index declined by 27 points, or 0.61%, settling at 4,387 points.
By 10.04am, the Hang Seng Index was trading at 19,735.99, down 59.50 points, or 0.30%.
Technology stocks displayed a generally weak performance, with Tencent decreasing by 0.8% and Alibaba falling by 0.5%. Meituan saw a more pronounced drop of 1.6%, while Xiaomi managed a slight gain of 0.6%. JD.com and Kuaishou also faced losses, down 1.3% and 0.3%, respectively.
In the financial sector, HSBC Holdings declined by 0.5%, AIA dropped by 1%, and Ping An of China fell by 0.5%. The Hong Kong Exchange also experienced a minor decrease of 0.2%.
Conversely, Bitcoin prices remained robust, positively impacting related stocks. Sinohope Technology Holdings Ltd surged by 3.1% following its earnings report, while Boyaa Interactive rose by 1.2%. Grandshores Technology Group showed no change in its stock price.
Source : dimsumdaily.hk
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