Hong Kong Stocks Open Lower: HSI Down 0.44%, TECH Index Drops 0.51% as Tech Stocks Decline and Auto Shares Split
Deep News
Dec 03, 2025
U.S. stocks rebounded on Tuesday as market optimism grew over resilient global economic performance and expectations of a Fed rate cut, lifting sentiment. The three major indices closed higher. The dollar weakened, while the 10-year Treasury yield fell to 4.08%. Gold prices retreated from highs, and oil prices also softened.
Today, Hong Kong's major indices opened lower. The Hang Seng Index (HSI) dropped 0.44%, and the Hang Seng TECH Index declined 0.51%. Among TECH Index constituents, NetEase, Kuaishou, and Bilibili fell over 1%. Auto stocks were mixed, with NIO and XPeng continuing their downtrend, while gaming and oil stocks broadly declined. Newcomer Jinyan Kaolin surged over 27% at open.
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