The US market saw mixed performance on Wednesday, with falling Treasury yields and oil prices failing to provide a sustained boost to the broader market. Technology stocks continued to experience profit-taking, resulting in a split close for the three major indices. The US dollar strengthened, while the yield on the 10-year Treasury note fell to around 4.39%. Gold prices trended lower, and oil prices also saw a significant decline.

Today, Hong Kong's three major indices opened with mixed results. The Hang Seng Index opened down 0.1% at 23,388.50 points, the Hang Seng Tech Index rose 0.41%, and the Hang Seng China Enterprises Index fell 0.1%.

Key Market Movements

Among technology and internet stocks, performance was mixed, with more decliners than gainers. Lenovo Group Ltd shares rose over 4%, while Bilibili Inc gained more than 3%. Conversely, Alibaba Group Holding Ltd fell over 2%, Baidu Inc dropped more than 1%, and Xiaomi Corp declined nearly 1%.

The optical communications sector opened higher, with Yangtze Optical Fibre and Cable Joint Stock Ltd shares up over 5%.

Most AI application stocks saw gains, with KNOWLEDGE ATLAS surging more than 6%.

Chip stocks were active, with Montage Technology Co Ltd jumping over 7%.

Gold stocks were broadly lower, with Zijin Mining Group Company Limited falling more than 3%.