U.S. markets declined on Tuesday as rising international oil prices and renewed concerns over private credit weighed on sentiment, leading all three major indices to close lower. The U.S. dollar strengthened, with the 10-year Treasury yield climbing to around 4.36%. Gold prices edged up slightly, while oil prices experienced a volatile retreat.

Hong Kong’s three major indices opened higher today. The Hang Seng Index rose 0.87% to 25,280.52 points, the Hang Seng Tech Index gained 0.99%, and the Hang Seng China Enterprises Index advanced 0.71%.

In terms of sector performance, most technology and internet stocks opened higher. Lenovo surged over 2%, while Kuaishou, Alibaba, JD.com, NetEase, and Meituan all rose more than 1%. Xiaomi, however, fell over 1%.

Gold stocks generally climbed, with Zhongjin Gold jumping more than 5%. AI application shares also opened higher, as WeRide gained 8%.

Airline stocks continued their upward trend, with Air China rising over 2%. New consumer concept stocks remained active, with Lao Feng Xiang surging more than 5%.