Hong Kong stocks opened firmly higher on Wednesday, with all three major indices advancing. The benchmark Hang Seng Index climbed 0.46% to 24,704.05 points, while the Hang Seng TECH Index surged 0.89% and the Hang Seng China Enterprises Index rose 0.56%.
Technology stocks led the early gains, with Baidu Group soaring over 4% following its robust earnings performance. Other tech heavyweights including Alibaba, Meituan, Kuaishou, and JD.com all notched up more than 1% in early trading.
The biotech sector maintained its upward trajectory, with IMMUNOTECH-B (06978) leaping over 5% as innovative drug concepts extended their recent momentum. Cloud computing stocks showed notable activity, with Leshi Holdings advancing over 3% amid increased sector interest.
Consumer-related stocks exhibited mixed performance, though Guoquan Supermarket stood out with an impressive 14% surge in the new retail segment. Market sentiment remained cautiously optimistic as investors monitored corporate earnings and sector rotations across key growth industries.
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