Major US stock indices closed higher on Monday, buoyed by a positive market sentiment following a decline in oil prices. The technology sector led the gains. The US dollar weakened, while the yield on the 10-year Treasury note held steady at 4.47%. Gold prices rebounded significantly, whereas oil prices faced notable downward pressure.

Hong Kong's key indices opened lower today. The benchmark Hang Seng Index started the session down 0.07% at 24,826.19 points. The Hang Seng Tech Index edged slightly lower, and the Hang Seng China Enterprises Index fell 0.04%.

Key Market Movers at Open

Technology and internet stocks were mostly weaker. Shares of Lenovo Group Ltd (HKG: 0992) rose over 1%, while Meituan (HKG: 3690) and Bilibili Inc (HKG: 9626) both fell more than 2%.

Stocks related to AI applications were active, with Minimax gaining over 2%.

Chip stocks opened higher, with Innoscience advancing more than 2%.

Most innovative drug concept stocks traded higher, with BeiGene Ltd (HKG: 6160) up over 1%.

The oil sector was under pressure, with shares of PetroChina Company Limited (HKG: 0857) declining more than 1%.