Hang Seng Index Opens Lower by 0.2%, Tech Index Down 0.37%; Gold and Chip Stocks Weaken

Deep News
07/07

The US stock market showed strong performance on Monday, with technology stocks leading the gains. The Dow Jones Industrial Average reached a new all-time high, and all three major indices closed in positive territory. The US dollar initially strengthened before retreating, while the yield on the 10-year US Treasury note held steady around 4.47%. Gold prices fluctuated but remained relatively stable, and oil prices continued to hover near recent lows.

Today, Hong Kong's three major stock indices opened lower collectively. The Hang Seng Index began trading down 0.2% at 23,404.61 points. The Hang Seng Tech Index fell 0.37%, and the Hang Seng China Enterprises Index declined 0.41%.

Looking at sector performance, most technology and internet stocks opened higher. Baidu Inc and Tencent Holdings Ltd both rose more than 1%, while Kuaishou Technology dropped over 5%.

Shares related to robotics concepts opened higher, with Woan Robotics surging more than 4%.

In contrast, the majority of semiconductor stocks declined at the open. GigaDevice Semiconductor fell more than 5%.

Gold-related stocks also opened lower, with Chifeng Gold dropping over 3%.

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