Flash: Hang Seng Index Opens 0.14% Lower, Tech Index Drops 0.87%; Tech Stocks Mostly Decline, Gold Stocks Rise; GON TECHNOLOGY Debuts with 25% Surge

Deep News
Feb 04

US stocks closed lower on Tuesday, with major tech stocks pulling back, which dragged down the overall market performance. All three major indices recorded losses by the close. The US dollar weakened, while the US 10-year Treasury yield initially rose before retreating. Gold prices saw a significant rebound, and oil prices also trended positively.

Today, Hong Kong's three major indices opened collectively lower. The Hang Seng Index opened down 0.14% at 26,797.05 points, the Hang Seng Tech Index fell 0.87%, and the Hang Seng China Enterprises Index declined 0.15%. In terms of sector performance, technology and internet stocks were mostly lower, with Baidu, Bilibili, Tencent, Kuaishou, and Meituan all falling over 1%. Gold stocks generally rose, with Shandong Gold climbing over 3%. Oil stocks were active, with CNOOC rising over 1%. Some mainland property stocks weakened, with CIFI Holdings dropping over 2%. GON TECHNOLOGY (2768.HK) listed today, opening 25% higher on its first day of trading.

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