U.S. stocks showed mixed performance last Friday. Despite inflation data coming in lower than expected, which heightened anticipation for interest rate cuts, the market did not receive a significant boost. Technology stocks generally faced pressure, though major indices recovered from earlier losses to close with mixed results. The U.S. dollar trended downward, while the yield on the 10-year Treasury note fell to around 4.05%. Gold prices performed well, and oil prices remained stable.

Today, Hong Kong’s three major indices opened lower. The Hang Seng Index started down 0.25% at 26,501.20 points, the Hang Seng Tech Index declined 0.19%, and the Hang Seng China Enterprises Index fell 0.08%. In terms of sector performance, technology and internet stocks were mostly weaker, with Alibaba and Baidu both dropping over 1%, while NetEase rose more than 1%. Chinese brokerage stocks showed strength, with Guolian Minsheng surging over 5%. Semiconductor stocks opened higher, with Aixin Yuanzhi gaining over 2%. The nonferrous metals sector broadly advanced, led by Lingbao Gold, which climbed more than 3%.